Re Joint Venture Completion

Oxford Instruments PLC
05 December 2003



5 December 2003


      Oxford Instruments plc: Completion of Oxford Magnet Technology sale


Oxford Instruments plc, the advanced instrumentation company, today announces
that the sale of its stake in Oxford Magnet Technology Limited ("OMT") has been
completed, following the formal approval of the German competition authorities.
Oxford Instruments announced on 11 November 2003 that it had agreed to sell its
49% share of OMT and the ongoing use of certain intellectual property to Siemens
plc for a total cash consideration of £9.1m.






Enquiries:  Oxford Instruments plc     Tel:  [phone]   Fax:  [phone]
            Andrew Mackintosh, Chief Executive
            Martin Lamaison, Financial Director


            Hogarth Partnership Limited   Tel: [phone]  Fax: [phone]
            Rachel Hirst
            Andrew Jaques









                      This information is provided by RNS
            The company news service from the London Stock Exchange