Further re Final Results

Ross Group PLC
05 July 2006



                                 Ross Group plc


                     Amendment to Preliminary Announcement


Southampton, UK: 5th July 2006 - Ross Group plc, The company is announces that
during the completion of the audit of its annual results for 2005 a non-cash
error has been identified in the balance sheet reported in the Preliminary
Announcement. This error has been corrected and does not involve a change in net
cash position, net assets nor the Income Statement.


The error concerned an invoice received from an associated company for stock
purchased prior to the year end. This invoice accidentally contained an
incorrect quantity for one line item. This resulted in the overstatement of
stock and VAT debtor as well as the associated company creditors. Inventories
have been reduced by £35k, Trade and Other Receivables by £6k and trade and
Other Payables by £42k.


The Preliminary Announcement was made through the RNS system on 28th April 2006,
RNS number 2098C. An amended report is contained below.


For more information please contact:


Ross Group plc
Phil Elliott, Executive Director 0044(0)2380 675500



ROSS GROUP PLC


Preliminary Announcement by Ross Group PLC of the Results for the year ended 31
December 2005



CHAIRMAN'S STATEMENT


RESULTS


The Group result, before tax, for the year ended 31 December 2005 was a loss of
£1,503,000 (Year ended 31 December 2004: profit £15,000). The reason for this
and the steps taken to reverse the situation are described below. The turnover
also fell considerably (2005 £581,000; 2004 £2,447,000) due to a fall off in
activities in the engineering sector.

DIVISIONS OF THE GROUP


The Group trades through its two UK operating subsidiaries which concentrate on
the following activities:-


-The design and manufacturing of engineering projects through GEL Engineering
Ltd.

-The distribution of TVs and electrical branded products through Sansui
Electronics (UK) Ltd.


STRATEGY


The Board responded to the lack of success in winning orders in the Engineering
business by changing the top level management. The Company conducted a high
profile search to secure the services of an experienced Managing Director with a
proven track record in this business sector. This took longer than expected, but
the Board believes that the investment in time will be rewarded by a turnaround
in the business by the end of 2006. The most significant factor in the lack of
activity in 2005 was the postponement of an MOD order for high value
containerised training solutions. The Company is expecting to bid for the
amended requirement during 2006. The strengthening of the sales team in 2005 and
early 2006 has resulted in an upturn in bid activity and effort is being
concentrated on turning these opportunities into sales orders. A repeat order in
the region of £1.4m for a training simulator is expected in the first half of
2006.


Sansui Electronics (UK) Ltd acquired a significant amount of branded stock for
resale towards the end of the year. The company is pleased to report it has
successfully sold over half of this during the first quarter of 2006. The
company is looking to expand its efforts with particular drive behind the sale
of LCD TVs.


The Group has used its Hong Kong based subsidiary, San Gain Industrial Company
Ltd, to handle the group financing from the main shareholder's financial
services company. The Directors will request that the main shareholder considers
formally returning the financing to a long term basis as part of any potential
acquisition.



The Board cannot recommend a payment of a dividend.



APPRECIATION


I would like to take this opportunity to thank our Employees, Shareholders,
Bankers, Advisers, Suppliers and Customers for their continuing support in a
difficult year.



A C C Ma
Chairman
28 April 2006



ROSS GROUP PLC


Preliminary Announcement by Ross Group PLC of the Results for the year ended 31
December 2005



Consolidated Income Statement for the Year Ended 31 December 2005



                                                     Year Ended    Year Ended
                                                     Dec 2005      Dec 2004
                                                     Unaudited     Audited
                                                     £000's        £000's
Revenue                                              
Continuing Operations                                   581         2,362
Discontinued Operations                                   0            85
Total Revenue                                           581         2,447
Operating (Loss)/Profit                              
Continuing Operations                                (1,141)          237
Discontinued Operations                                   0             6
(Loss)/Profit Before Finance Cost                    (1,141)          243
Finance Cost                                           (362)         (228)
(Loss)/Profit before taxation                        (1,503)           15
Taxation                                                  0             0
(Loss)/Profit for the Year                           (1,503)           15
Earnings per share - basic and diluted               (1.10p)         0.01p
Adjusted earnings per share - basic and diluted       (1.10)p        0.01p





ROSS GROUP PLC


Preliminary Announcement by Ross Group PLC of the Results for the year ended 31
December 2005



Consolidated Balance Sheet as at 31 December 2005

                                               As At 31         As At 31
                                               Dec 2005         Dec 2004
                                               Unaudited        Audited
                                               £000's           £000's
Assets                                         
Non Current Assets                                 28               45
Current Assets                                 
Inventories                                       644              382
Trade and Other Receivables                       587              752
Cash and Cash Equivalents                           4               12
TOTAL ASSETS                                    1,263            1,191
EQUITY AND LIABILITIES                      
SHAREHOLDERS' EQUITY                        
Share Capital                                  11,136           11,136
Share premium Account                           2,317            2,317
Other Reserves                                 15,388           15,394
Retained Earnings                             (32,667)         (31,164)
.                                              (3,826)          (2,317)
NON-CURRENT LIABILITIES                  
Long Term Borrowings (Group)                                     2,374
Current Liabilities                         
Trade and Other Payables                        1,396              834
Finance Liabilities                         
               - Short Term Borrowings (Group)  3,693              300
TOTAL LIABILITIES                               5,089            3,508
TOTAL EQUITY AND LIABILITIES                    1,263            1,191




Reconciliation of Movements in Shareholders Funds

                                                        As At 31      As At 31
                                                        Dec 2005      Dec 2004
                                                       Unaudited     Audited
                                                        £000's        £000's
(Loss)/Profit for the financial period                 (1,503)          15
Exchange loss on retranslation of subsidiary               (6)          (4)
Net additions to funds                                 (1,509)          11
Opening shareholders funds                             (2,317)      (2,328)
Closing shareholders funds                             (3,826)      (2,317)






ROSS GROUP PLC


Preliminary Announcement by Ross Group PLC of the Results for the year ended 31
December 2005



Consolidated Cash Flow Statement for the Year Ended 31 December 2005

                                                     Year Ended    Year Ended
                                                     Dec 2005      Dec 2004
                                                     Unaudited     Audited
                                                     £000's        £000's
Consolidated Cash Flow                              
Operating (Loss)/Profit from Continuing Activities    (1,141)          237
Depreciation and Amortisation                             16            24
(Increase) in Inventories                               (262)           (6)
Decrease/(Increase) in Trade and Other Receivables       165           (85)
Increase/(Decrease) in Trade and Other Payables          562           (94)
Net Cash Generated from Continuing Operating
Activities                                              (660)           76
Net Cash (Outflow) from Discontinued Activities            0          (223)
Net Cash (Outflow) from Combined Activities             (660)         (147)
Returns on Investments and Servicing of Finance      
Interest paid                                           (362)         (228)
Net Cash (Outflow) from Returns on Investments and
Servicing of Finance                                    (362)         (228)
Taxation                                                   0             0
Capital expenditure and financial Investment         
Net Purchases of Tangible Fixed Assets                    (5)          (17)
Financing                                            
Long Term Loans                                       (2,374)            0
Short Term Loans                                       3,393           300
Capital Element of Finance Leases                          0            (2)
Net Cash Inflow/(Outflow) from Financing               1,019           298
Increase/(Decrease) in Cash                              (8)          (94)
Analysis of Changes In Net Debt                    
(Decrease)/Increase in Cash                              (8)          (94)
New Loans (net)                                      (1,019)         (300)
Cash outflow from finance lease                           2             3
Movement In Debt for the Year                        (1,025)         (391)
Net Debt at beginning of period                      (2,664)       (2,273)
Net Debt at end of period                            (3,689)       (2,664)



ROSS GROUP PLC


Preliminary announcement by Ross Group PLC of the Results for the year ended 31
December 2005


Notes


 1. The financial information set out above does not constitute the company's
    statutory accounts for the year ended 31 December 2005 nor for the
    comparative period, but is derived from those accounts. Statutory accounts
    for the year ended 31 December 2004 have been delivered to the Registrar of
    Companies and those for the year ended 31 December 2005 will be delivered
    following the company's annual general meeting. The auditors have reported
    on the accounts for 2004: their report was unqualified and did not contain
    statements under s237 (2) or (3) Companies Act 1985.


 2. The total number of shares in issue did not change during 2004 and 2005



 3. The figures for earnings per share and the adjusted earnings per share are
    the same for 2005 (and 2004).


 4. No ordinary interim or final dividend is proposed.


 5. A nil liability to Corporation Tax has been assessed for the year due to tax
    losses brought forward.


 6. The Accounting Policies set out in the Financial Statements for the Year
    Ended 31 December 2004 have been applied during the preparation of the
    financial information contained in this statement.


 7. A copy of the Financial Statements will be available on request from Ross
    Group plc, Brunel Road, Totton, Southampton SO40 3YS.


This announcement has been agreed by the company's auditors, Everett and Son, 35
Paul Street, London, EC2A 4UQ and was approved by the Board of Directors of Ross
Group plc on 28 April 2006


Ross Group PLC

Registered office: 35 Paul Street,

London

EC2A 4UQ


Email: [e-mail]

Website: www.ross-group.co.uk

Telephone: [phone]

Fax: [phone]



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