Trading Statement

Lo-Q PLC
06 September 2002


                         Lo-Q Plc ('Lo-Q' or 'Company')

                               Trading Statement


Theme park operators have been reporting a significant downturn in attendance
figures for the critical second half of the season.   In particular, the
Company's major customer, Six Flags Inc, has recently reported a downturn in
attendances of 11 per cent which includes particular poor attendances at three
of its parks where the Lo-Q system is installed.


The reduction in visitor numbers at the parks has naturally reduced significant
queuing for attractions and, as a result, there has been less demand for the
Lo-Q product than had been anticipated. Nevertheless, the Directors are pleased
to report that where attendances have been in line with expectations, rental
revenue has been as forecast.


Since the Company's admission to AIM, Lo-Q has installed its system in 5 new
theme parks, raising the total number in operation to 6.  However, the
installation of the new systems took longer than anticipated, as a result of a
variety of unforeseen installation delays. Because of these hold ups, it has not
been economically prudent to immediately install the Lo-Q System in the other
three parks planned for this season and these will now be installed in time for
the 2003 season.


As a consequence of the of the lower visitor figures and the installation
delays, revenues for the current financial year ending 30 September 2002 will be
lower than originally anticipated.  Whilst the Directors expect Lo-Q to be
profitable for the second half of the current financial year, they anticipate
that Lo-Q will make a loss  for the full year ended 30 September 2002.


Despite difficult conditions in the theme park industry, the Directors are
encouraged by the performance, and the high level of customer acceptance, of the
Lo-Q System.  They believe that the Lo-Q System is now a proven product and are
therefore confident as to its future appeal.


                                    - ends -

Enquiries:


Lo-Q Plc                                  01491 577210
Jeff McManus, Chairman
Leonard Sim, Managing Director



Weber Shandwick Fleet Financial
Terry Garrett / Nick Dibden               020 7950 2800

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