Statement re Invest Strategy

Harrier Group PLC
20 April 2005


                               HARRIER GROUP PLC

                              Investment Strategy

Now that Harrier Group PLC ('Harrier' or 'the Company') has become an investment
company following the sale of its trading activities, we are setting out
Harrier's proposed investing strategy as required by the new AIM rules which
became effective on 1 April 2005.

We are currently seeking one or more investments in the cyclical services,
information technology or financial sectors based in the UK. Our investments
will be focused on our chosen sector.

We anticipate making an investment which will constitute a reverse takeover
under the AIM Rules within the next twelve months and will be active investors.
If we have not made such an investment by the time that Harrier holds its annual
general meeting for the year ended 31 December 2005, it is expected that the
Company's shares will be suspended under the AIM Rules.

A L R Morton and D Alway have extensive experience in evaluating proposed
investments in the chosen sectors and they will carry out the necessary due
diligence using professional assistance where required. Details on these
directors and their backgrounds are as follows:

Bob Morton became chairman of Harrier in 1996. He has extensive board experience
of public and private companies and is currently chairman of Vislink plc,
Systems Union Group plc, MacLellan Group plc and Armour Group plc.

Derek Alway is currently a director of Regent Technology Limited, where he
specialises in advising IT companies on mergers and acquisitions as well as on
general corporate finance matters. He has over 30 years experience in the
Information Technology industry. He was previously managing director of two
start up software and turnkey systems companies.

Enquiries:

Harrier Group Plc - 07797 751457
Bob Morton (Chairman)


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