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Osborne & Little PLC (OSL)


Friday 28 March, 2003

Osborne & Little PLC

Trading Statement/Poss Offer

Osborne & Little PLC
28 March 2003

                      OSBORNE & LITTLE PLC (the 'Company')

                      Trading statement and possible offer

Trading statement

In our interim report for the six months ended 30 September 2002, we reported
that revenues were 6 per cent. lower than the comparative period of the previous
year. In the second half of the financial year, the Company's two principal
markets, in the United States and the UK, have continued to perform poorly. The
Board currently anticipates overall turnover to be down by approximately 9 per
cent. for the year ending 31 March 2003. As a result, the Board now expects the
Company to make a loss before tax for the year ending 31 March 2003 of
approximately £200,000. However, cash flow has been positive and the Company
expects to have a positive net cash balance at 31 March 2003.

Possible Offer

The Company can confirm that it is currently in talks with certain of the
Company's Directors which may or may not lead to an offer being made for the
share capital of the Company. Discussions are at a very preliminary stage.
Should an offer be forthcoming a further announcement will be made at that time.

Further inquiries:

Osborne & Little plc

Peter Osborne (Chief Executive)                    020 8675 2255

Peter Soar (Finance Director)

28 March 2003

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

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