Statement re Strategy

Statement re Strategy 

    LONDON--(BUSINESS WIRE)--Nov. 1, 2002--

                         ARC International PLC
                            Company Update

Appointment of Joint Broker and Financial Adviser

ARC International Plc, a world leader in semi-conductor and software
technology licensing, announces the appointment, with immediate
effect, of WestLB Panmure Limited as joint corporate broker and
financial adviser to the Company. Goldman Sachs remains joint broker.

Strategy

On 24th October 2002 at the time of the Q3 Results, ARC International
announced that it was continuing to assess its strategic options with
a view to maximising shareholder value.

The Board is working with its advisers to evaluate the relative merits
of the strategic options currently available to the Company, including
a review of the Group's capital structure and requirements and its
business plan. The Board expects to make substantive progress on this
review in the month of November and to announce the outcome of this
work as soon as it is complete and ready for implementation.

The actions described in this press release are clear indications of
the Board's commitment to ensure that shareholder value remains of
paramount importance at ARC.

For more information, contact:

ARC International plc
Mike Gulett                Chief Executive Officer            001 408 437 3404
Monica Johnson             Chief Financial Officer            001 408 437 3470

Tulchan Communications
Tim Lynch                  Consultant                         [phone]

   Short Name: Arc Intl PLC
   Category Code: STR
   Sequence Number: 00001120
   Time of Receipt (offset from UTC): 20021101T071209+0000