Trading Statement

Company          Image Scan Holdings PLC
TIDM             IGE
Headline         Trading Update
Released         23 March 2006
Reference        ish230306

Image Scan Holdings PLC ("Image Scan Holdings")

Trading Update

The Board of Image Scan Holdings is pleased to present a trading update to coincide with the AGM being held at 10am
today.  In the months since the preliminary announcement, the Company has built on the positive advances made in 2005.

The launch of TPXi, the new security product targeted at explosives and ordnance detection, was swiftly followed by
orders in excess of £170,000 including a number of units for the British Transport Police.  The Company has signed an
exclusive distribution agreement with KeTech Defence for sales of TPXi in the UK, Saudi Arabia and Japan, and is close
to appointing another distributor to cover Europe and other territories.

The two in-line inspection systems for Johnson Matthey in the UK and the US have been delivered and we continue to work
closely with them to identify further opportunities for our technology.

The orders for the year to date have increased from £326,000 at the start of the year and now stand at £940,000.  This
compares very favourably with the turnover of £843,000 for the whole of 2005.  Whereas industrial sales dominated
turnover last year, the renewed contract with Rapiscan Systems Ltd, the TPXi sales and the recent sale of an AXIS-3D®
baggage screening system to China have resulted in a greater bias towards security in 2006.  The ability to apply the
technology to two very strong markets is seen as a key factor in driving the business towards profitability.

In view of the increased level of activity, the Company has today obtained £200,000 of additional working capital by way
of a secured loan with warrants to subscribe for up to 909,090 ordinary shares at 22p within twelve months.


For further information:
Nicholas Fox                    Chief Executive                         01664 503 600
Gerry Palmer                    The Palmer & Rose Partnership               01494 637 499
Nick Maslen                     KBC Peel Hunt Ltd                       0121 698 2169

About Image Scan Holdings plc
Image Scan Holdings plc (AIM: IGE) focuses on the development and commercialisation of real-time 3D and 2D x-ray
solutions for the industrial and security inspection markets.  Industrial solutions include the MDXI unit and the
in-line DEX camera; security solutions feature the TPXi portable x-ray unit and the unique 3D baggage inspection system,
AXIS-3D, marketed by Rapiscan Systems Limited in their 3DSP and 3DLP product lines. For further company information,
please visit www.ish.co.uk - and for product information, please visit www.3dx-ray.com.

-ENDS-