Interim Results,etc.

TOAD PLC
11 August 1999

                                    
                                    
Interim Results (Unaudited) for the six months ended June 22nd 1999
Appointment of new non-executive director - Michael Cornwell

Toad  plc,  the  UK's leading vehicle technology and car  audio  company,
announces  its  third  consecutive set  of  profitable  figures  and  the
appointment  of Michael Cornwell, the former European Sales  Director  of
Belron   International  Autoglass  and  Carglass,  as  a  non-executive
director.

HIGHLIGHTS

Turnover                £16.2m up 36%   (6 mths to 22 June 1998:  £11.9m)

Gross Profit           £  6.9m up 48%   (6 mths to 22 June 1998:  £  4.7m)

Operating  Profit     £ 1.3m up £1.8m   (6 mths to 22 June 1998: loss of £0.5m)

Profit before tax     £ 1.0m up £ 1.8m  (6 mths to 22 June 1998: loss of £0.8m)

Undiluted  earnings per share   1.4p    (6 mths to 22 June 1998: loss of 0.1p)

*Group restructured into two divisions - Vehicle Technology and In-Car Services.

*Autoglass alliance launched.

*Appointment of former Belron International's (Autoglass) European
 Sales Director, Michael Cornwell as a non-executive director.

*Number of cars serviced in the period up to 175,000 6 mths to 22
 June 1998: 115,000

Chris Evans OBE, Chairman, said:

'These figures confirm the dramatic turnaround of the group over the past
18  months  and  I  am delighted that Michael is joining  us  as  a  non-
executive  director.   He is vastly experienced in  setting  up  European
operations  and will be invaluable in helping us launch our products  and
services into Europe.'

John Lewin, Chief Executive, said:

'These  are  excellent  figures which confirm the group  has  turned  the
corner  and  is now generating significant profits. The benefits  of  the
Autoglass  alliance are now beginning to come through and  I  am  looking
forward  to working closely with Michael and our corporate sales team  to
develop partnerships with Autoglass' existing management structure in the
key European countries of France, Spain, Holland and Italy.'

Enquiries:
Wednesday.   August 11th 1999.  Morning Briefing  Line. Tel [phone]

John Lewin, Chief Executive      Toad   plc                 0181-710 4016
David Baynes, Finance Director   Toad   plc                 0181-710 4016
Tony Edwards                     Anthony Edwards Publicity  01932  336161


Chief Executive Statement

I  am  delighted to present our interim results unaudited for  the  six
months  ended 22 June 1999.  These results are our third consecutive  set
of  profitable figures and confirm the dramatic turnaround in the group's
performance  over  the  past  18  months.   All  our  staff  have  worked
tremendously hard over this period and these results are a direct  result
of their hard work.

Financial Highlights

* Turnover increased by 36% to £16.2m (6 mths to 22 June 1998: £11.9m)

* Gross Profit increased by 48% to £6.9m  (6 mths to 22 June  1998: £4.7m)

* Operating Profit increased  to £1.3m  (6 mths to 22 June 1998: loss of £0.5m)

* Profit before tax increased to £1.0m  (6 mths to 22 June 1998: loss of £0.8m)

* Number of cars serviced in the period up to 175,000 (6 mths to 22 June 1998: 
  115,000)

* Undiluted earnings per share increased to 1.4p  (6 mths to 22 June 1998: 
  loss of 0.1p)

During the interim period, the group has performed strongly, building  on
the  structural  changes made to the business during March  1998.   These
changes, which followed the acquisition of the Sextons Group, enabled the
group to restructure into two divisions:

       Vehicle Technology         focusing on the supply and distribution
                                  of vehicle security products.

       In-Car Services            focusing on supplying vehicle  audio
                                  and security installation  services  to
                                  businesses.

The Vehicle Technology Division

The   Vehicle   Technology  Division,  which  is  responsible   for   the
distribution  of the Laserline, Sigma and Toad Security vehicle  security
brands,  has  performed  well  in a highly competitive  market.   Interim
turnover was £5.3m 6 months to 22 June 1998:  £4.8m  and sales  to  the
specialist  dealer and multiple retailer markets continued to perform  in
line with expectations.

The directors believe this is a result of our focus on quality of product
and  service as well as developing innovative new products in the vehicle
security  market.   Product innovations such as the  new  interchangeable
coloured  remote  cases for the Toad Security range have  enabled  us  to
cement our position as the UK's leading car security company.

The  investment, last year, in developing the Sigma brand of  alarms  for
the original equipment market, continues and has resulted in a number  of
new contract wins with a number of leading car manufacturers.

At  the  end  of the period we restructured the division by  closing  our
Bridgwater  site and developing our Runcorn site as our vehicle  security
centre  of excellence.  The Bridgwater freehold is currently being  sold.
The  directors  believe this will enable the division to  increase  sales
during  the  second  half of the year whilst reducing the  support  costs
involved in distributing three major brands in the market.

In-Car Services

The  In-Car  Services Division recorded strong growth during the  period,
with turnover increasing to £10.8m (6 mths to 22 June 1998:  £7.1m).

Our  mobile  installation service to the fleet,  insurance  and  multiple
retailers,  performed strongly with sales of £7.1m.  The  agreement  with
Autoglass  was a significant development, bringing together the  market's
two  brand  leaders  in  an  alliance that enables  insurance  and  fleet
companies  to  access  a  one-stop shop for their  car  glass  and  audio
replacement needs.  The potential of this alliance is now being  realised
with  a  number of major insurance companies taking advantage of the  new
joint service and utilising the new on-line booking and ordering system.

Toad  Audio  Express,  our  audio  wholesalers  service,  also  performed
strongly,  with  volume sales up. However the continued  price  pressures
within  the  specialist audio sector of the market  resulted  in  a  flat
turnover  for the period.  New promotional campaigns, based on aggressive
targeting  of  the  mid-sized specialist market,  should  maintain  sales
during the second half of the year.

Our  strategy  of  reducing  the  company's  direct  involvement  in  the
specialist retail market, in favour of expanding our franchise' network,
was  continued.   The  specialist audio and  security  retail  operation,
Sextons  Retail,  was  reduced further as  we  continued  our  policy  of
franchising the individual shops within the network.  We now own just one
retail shop, with the remaining 18 shops being franchised.

New Product Development

The development of the revolutionary Spacetrac vehicle location system by
Eagle Eye Tech. continues in America.  Although there have been delays in
the  construction of the LEO satellite network and consequent  delays  in
the  development  of  the  vehicle tracking  technology,  the  system  is
currently  in  the pre-production, board miniaturisation  stage,  and  on
schedule  for delivery of the first product in the year 2000.    Turnover
from  this  product has not yet been factored into our sales budgets  for
the years 2000 and 2001.

Autoglass

The alliance with Autoglass is providing an excellent opportunity for  us
to  increase  our  share  of  the UK audio  re-instatement  market.   The
alliance  has  been greeted with enthusiasm by the insurance  market  and
discussions are in place with all the major insurance companies.

In  addition, Autoglass has a well-established European operation. We are
currently jointly evaluating the market place for opportunities  to  work
in partnership with Autoglass's existing infrastructure in France, Spain,
Holland and Italy.

Appointment of new non-executive director

As  part  of  the  proposed expansion, I am delighted  to  announce  that
Michael  Cornwell, the former Autoglass and Belron European and Worldwide
Sales Director, is joining the board as a non-executive director.    This
is   an  excellent  appointment  for  the  company,   Michael  is  vastly
experienced in setting up European operations and has known the  European
insurers at a senior level for many years. I will be working closely with
Michael and our corporate sales executives to develop the European launch
strategy  and working partnerships with the existing Autoglass management
structure  in  the key European countries of France, Spain,  Holland  and
Italy.

John  Morris and Kevin Gray are standing down as non-executive  directors
and  I  would  like to thank them both for their tremendous  support  and
commitment  to the group over the years.  John has supported the  company
from  its very earliest days and Kevin's contribution as Chief Executive,
during the company's most difficult transitional year of 1997, cannot  be
overstated.

New Web Site launched

During  June  we  launched  the first phase of  our  on-line  development
programme  with  the opening of our new web site at www.toad.co.uk.   The
site is designed to convey information about the company and will be  the
first  stepping stone in our e-commerce development strategy  which  will
eventually enable us to interface our national dealer base and provide  a
substantial increase in service levels.

Current Trading

The  company continued to perform well in July and the directors  believe
there  are continued opportunities to reduce costs and increase  turnover
during the second half of the year.

John Lewin
Chief Executive.


NOTE.
Reference   the  appointment  of  Michael  Cornwell  as  a  non-executive
director,  no other information is pertinent regarding listing  paragraph
16.4 of the London Stock Exchange Rules.


Consolidated Profit & Loss Account
                                    
              (Unaudited) six months  (Unaudited) Six months    38 weeks ended 
                ended 22nd June 1999    ended 22nd June 1998    22nd Dec 1998
                    £'000                     £'000                 £'000

Turnover
Continuing  operations 16,157                4,698                   8,658 
Acquisitions              -                  7,217                  16,405
                                                                 
                       16,157               11,915                  25,063

Costs of Sales
Continuing operations  (9,223)             (2,872)                  (4,916)
Acquisitions              -                (4,344)                  (9,919)

Gross Profit            6,934               4,699                   10,228


Other operating
expenses               (5,633)             (5,233)                  (9,283)


Operating profit/loss
Continuing operations   1,301              (1,418)                     (29)
Acquisitions              -                   884                      974

                        1,301                (534)                     945

Interest payable
and similar charges.     (299)               (162)                    (373)

Loss on disposal of
fixed assets.             -                  (144)                    (140)
                                                               
                  
Profit/(loss) on
ordinary activities
before taxation.         1,002               (840)                     432
Taxation.                 (100)                12                       -
                                                               
Profit/(loss) for the
period                     902               (828)                     432
                                                               
Undiluted profit/(loss)
per share.                1.40p              (0.14p)                   0.76p
                                                              
Diluted profit/(loss)
per share.                1.13p              (0.14p)                   0.59p
                                                             
                                    
                       Consolidated Balance Sheet
                                    
            (Unaudited) Six months   (Unaudited) Six months   38 weeks ended
              ended 22nd June 1999     ended 22nd June 1998    22nd Dec 1998
    Notes                £'000                  '000                £'000

Fixed assets             4,595                 3,449                3,486

Current assets
Stocks                   3,985                 3,939                4,212
Debtors                  5,375                 7,716                5,316
Cash at bank
and in hand                959                   467                1,126
                                                             
                        10,319                12,122               10,654

Creditors:
amounts falling due
within one year.       (10,293)              (14,934)             (13,921)
                                                           
Net current
assets/(liabilities)        26                (2,812)              (3,267)


Total assets less
current liabilities.     4,621                   637                  219

Creditors:
amounts falling due
after more than one
year.                    (3,182)               (1,412)              (1,214)
                                                           
Net assets
(liabilities)             1,439                  (775)                (995)
                                                           
Capital
and reserves

Called-up share
capital.                  6,846                 5,872                5,872
Share capital to
be issued.                3,043                 3,938                3,743
Share premium
account.                 10,373                 9,695                9,095
Profit & Loss
account.                (18,823)              (20,280)             (19,705)
                                                           
                   2      1,439                  (775)                (995)
                                                           
                    Consolidated Cash Flow Statement
                                    
                            (Unaudited)     (Unaudited)
                             Six months      Six months           38 Weeks
                                  ended           ended              ended
                              22nd June       22nd June           22nd Dec
                                   1999            1998               1998
                       Notes      £'000           £'000              £'000

Net cash inflow/(outflow) 
from operating activities  3      1,248          (1,186)            (1,130)

         
Returns on investments and 
servicing of finance

Interest payable and  
similar   charges.                (299)            (162)              (373)

Taxation                             -               -                  -

Capital expenditure and 
financial investment.
Purchase of tangible fixed assets (652)            (108)              (187)

Sale of tangible fixed assets.     157              116                281

                                  (495)               8                 94

Acquisitions & disposals
Purchase of interest in group 
undertakings.                   (2,590)           (6,049)           (6,049)

Purchase of Foxguard & Code 
Alarm   business.                   -                 -               (488)

Net   cash   acquired  with  
acquisition  of  group.             -                204               204

Net cash transferred with group
undertakings.                       -                (20)              (20)

                                 (2,590)          (5,865)          ( 6,353)

       
Cash outflow before management of
liquid resources and financing   (2,136)          (7,205)            (7,762)

Management of liquid resources      -                -                  -


Financing
Issue of shares (net of expenses)   795            6,385              6,385

Net movement in short-term 
borrowings.                       1,059              -                 (509)

Net movement in long-term 
borrowings.                       2,128              -                 (325)

Repayment of principal under 
finance leases.                     (71)            (7)                 (17)

                                  3,911           6,378               5,534

Increase/(decrease) in cash 
in the period.                4   1,775            (827)             (2,228)

         
Notes to the Interim Statement

1.  Basis of preparation
The  interim  statement has been prepared on the basis of the  accounting
policies  set  out  in  the  group's statutory accounts.   The  financial
information  on the group does not constitute statutory accounts  and  is
not  audited.   A  copy of the group's 1998 statutory accounts  has  been
filed  with  the Registrar of Companies; The auditors' opinion  on  these
accounts was unqualified.

The  interim  statement  for the six months  ended  22nd  June  1999  was
approved by the directors on August 10th 1999.


2.  Reconciliation of movements in shareholders' funds

                           (Unaudited)   (Unaudited)
                            Six  Months   Six Months            38 Weeks
                            ended         ended                 ended
                            22nd June     22nd June             22nd Dec
                            1999          1998                  1998
                            £'000         £'000                 £'000

Net profit/(loss) for 
the period                     902           (828)                  432
Goodwill   written   off       (20)        (10,812)             (11,008)
Shares    issued             1,552           7,385                7,385
Shares to be issued            700           2,500                2,305

Net movement in 
shareholders' funds          2,434          (1,755)                (886)
Opening shareholders' funds   (995)            980                 (109)

Closing shareholders' funds 
(deficit)                    1,439            (775)                (995)

3.   Reconciliation  of  operating profit/loss  to  net  cash  flow  from
operating activities.

                           (Unaudited)    (Unaudited)
                           Six Months     Six Months           38 Weeks
                                ended          ended              ended
                            22nd June      22nd June           22nd Dec
                                 1999           1998               1998
                                £'000          £,000              £'000

Operating profit/(loss)         1,301          (535)                945

Depreciation of fixed assets      203           105                 280

Amortisation of intangible 
fixed    assets                    20             -                  - 
Increase in working capital 
balances                         (276)         (756)            (2,285)
Decrease in provisions                                             (70)

Net cash inflow/(outflow)from
operating activities            1,248         (1,186)           (1,130)

                  
4.  Reconciliation of net debt

                              (Unaudited)    (Unaudited)
                              Six Months     Six Months           38 Weeks
                                   ended          ended              ended
                               22nd June      22nd June           22nd Dec
                                    1999           1998               1998
                                   £'000          £,000              £'000

Increase/(decrease) in cash 
in the period                      1,775           (827)           (2,228)

Cash (inflow)/outflow from
(increase)/decrease in net debt   (3,116)             7               851

Changes in net funds resulting 
from cash flows                   (1,341)          (820)           (1,377)

Net debt acquired with
subsidiaries                         -           (1,370)           (1,370)

New  finance leases                 (311)           (12)              -

Movement in net debt in the period(1,652)        (2,202)           (2,747)

Net  debt at start of period      (6,125)        (2,463)           (3,378)

Net  cash  at end of period       (7,777)        (4,655)           (6,125)

         
5.  Exceptional Items

(a)  Recognised before operating profit

                              (Unaudited)     (Unaudited)
                              Six Months      Six Months        38 Weeks
                                   ended           ended           ended
                               22nd June       22nd June        22nd Dec
                                    1999            1998            1998

                                   £'000           £'000           £'000

Rationalisation  costs                55             338             453

(b)  Recognised after operating profit

                               (Unaudited)     (Unaudited)
                               Six Months      Six Months        38 Weeks
                                    ended           ended           ended
                                22nd June       22nd June        22nd Dec
                                     1999            1998            1998
                                    £'000           £'000           £'000

Rationalised costs                     -              190             140

6.   Dividend

     The directors have not declared an interim dividend.