Interim Results

Buckland Group PLC
08 September 2003



                               BUCKLAND GROUP PLC

                                Interim Results

                       For the period ended 30 June 2003

Chairman's Statement

I am pleased to present the interim results for Buckland for the six month
period ended 30th June 2003 . The results show a consolidated profit before
exceptional item and tax of £ 21,000 on sales of £ 2.35m .An exceptional charge
of £ 81,000 has been incurred relating to the closure of Derlite's factory in
Bodmin and its transfer to Bangkok. There is no tax liability for the period.
Before the exceptional charge, earnings per share were 0.014p ; after the
exceptional item, the attributable loss was equivalent to 0.042p per share. No
interim dividend is proposed.

Trading

The trading results to 30th June 2003 have been affected by certain one-off
charges. During the period April to June this year we re-located, in phases,
Euro Asia Connectors' original assembly plant in Bangkok to new buildings
adjacent to the stamping, surface treatment and moulding operations. The
associated costs of this process were some £ 25,000 and have been charged
against operating profits for the period.

Between January and April of this year all the manufacturing operations of
Derlite in the UK were transferred in phases to Bangkok. The factory in Bodmin
was closed on 30th April and an exceptional charge of £ 81,000 has been
incurred, covering the costs of redundancies and the transfer of equipment to
Thailand.

Euro Asia Connectors' sales in the first half of the year declined, as
anticipated, due to continuing pressure on selling prices and some reduction in
underlying volumes, particularly for CRT sockets. The second half of the year
should see the normal seasonal upturn and with all the operations now on one
site we anticipate being able to achieve some further cost savings and working
capital reductions.

Derlite's sales for the half year were higher compared with the first half of
2002 reflecting increased volumes to existing customers augmented by some new
business. The second half year should see significant further growth in sales as
several major new accounts start to come on stream.



Outlook

Whilst Euro Asia Connectors' prospects remain constrained by the competitive
environment in which it operates, the second half of the year will see for the
first time the full benefits of having Derlite's manufacturing operations
entirely in Thailand, with the corresponding large reduction in costs.

With all our manufacturing facilities consolidated on one site and with the
integration of Derlite now completed, we continue to look for further
acquisitions where we can utilize our low cost manufacturing base in Thailand to
realize significant margin improvements.



Patrick Rogers
Chairman
8th September 2003



Interim Report
Consolidated profit and loss account for the six month period ended 30 June 2003

                                   Unaudited    Unaudited       
                                   Six month    Six month Twelve month
                                      Period       Period       Period
                                       ended        ended        ended
                                      30 June     30 June  31 December
                                        2003         2002         2002
                                       £'000        £'000        £'000

                                       2,354        2,289        4,791
Turnover
                                    ==========    =========    =========



Operating profit / (loss) before          29          163          145
interest

Exceptional item                         (81)        (210)

Net Interest payable                      (8)         (14)         (23)
                                    ----------    ---------    ---------

Profit / (loss) on ordinary
activities before taxation               (60)         (61)         122

Taxation                                   -            -            7

                                    ----------    ---------    ---------

Profit / (loss) on ordinary
activities after taxation                (60)         (61)         115

Minority Interests                         -          (30)           -
                                    ----------    ---------    ---------

Retained profit / (loss) for the         (60)         (91)         115
period
                                    ==========    =========    =========


Earnings /(loss) per ordinary
share

Before exceptional item, basic         0.014p        0.15p        0.10p

After exceptional item, basic         (0.042)p      (0.11)p       0.10p
                                    ==========    =========    =========





Interim Report
Consolidated balance sheet at 30 June 2003



                                        At              At
                                        30 June 2003    31 December 2002

                           £             £             £             £

Fixed assets
Intangible assets                  428,354                     436,658
Tangible assets                    337,700                     360,147
                                  --------                    --------
                                   766,054                     796,805
Current assets
Stocks               519,515                     629,889
Debtors              763,850                     847,486
Cash at bank and      17,026                     177,966
in hand               --------                  --------
                   1,300,391                   1,655,341

                                
Creditors:
amounts falling
due
within one
year              (1,129,377)                 (1,485,926)

Net current                        171,014                     169,415
assets/                           --------                    --------
(liabilities)

Total assets                       937,068                     966,220
less current
liabilities

Creditors:                        
amounts falling                     
due
after more than
one year                           (55,925)                    (79,234)
                                   --------                    -------
                                   881,143                     886,986
                                   ========                    ========

Capital and
reserves
Called up share                  
capital                          2,217,752                   2,157,752
Share premium              
account                            742,775                     712,775                      
Profit and loss                 
account                         (2,079,383)                 (1,983,541)                       
                                  --------                    --------

Equity                             
shareholders'                  
funds                              881,143                     886,986
                                  ========                    ========

Notes to the Interim Results

 1. The consolidated profit and loss account incorporates the unaudited results
    of Buckland Group Plc and all of its subsidiary undertakings made up to 30
    June 2003, and has been prepared on a basis consistent with the accounting
    policies set out in the audited financial statements for the year ended 31
    December 2002. Earnings/ (loss) per share for the six months to June 2003
    have been calculated based on the weighted average number of shares in issue
    for the period of 141,829,132 m.


 2. This Interim Report was approved by the board of directors on 8th September
    2003.

    This interim financial information does not comprise statutory accounts as
    defined in Section 240 of the Companies Act 1985.

    The financial information for the period ended 31 December 2002 is an
    extract from the latest company accounts. The accounts received an
    unqualified auditors report and have been filed with the Registrar of
    Companies.

    The financial information for the period ended 30 June 2003 has not been
    subject to review by the auditors.


 3. Copies of this Interim Report are being sent to shareholders and are
    available from the Company Secretary at Buckland Group plc, 3 Draycott
    Place, London SW3 2SE.



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