Final Results- Year Ended 31 Dec 1999 & Other News

Concurrent Technologies PLC
14 February 2000

                                 
                    Concurrent Technologies Plc
                                 
                 Preliminary Results Announcement
            Placing of 2,000,000 Ordinary Shares @ 50p


Concurrent  Technologies Plc, which designs, produces and  markets
single  board  computers based on systems  of  expanding  computer
processing  power  known  as Multibus II and  VME,  announces  its
Preliminary  Results  for the year ended 31 December  1999  and  a
Placing of 2,000,000  new Ordinary Shares @ 50p per share to raise
£1  million,  gross.  In addition, certain Directors  and  Related
Parties  are today selling a total of 1,520,000 Ordinary Shares  @
50p per share to meet market demand.  Following the sale Directors
and Related Parties will hold 12,729,002 Ordinary Shares, equating
to 17.7% of the issued share capital.

*    Group turnover £5.55 million (1998: £3.69 million)

*    Pre-tax profit £177,065 (1998: Loss £383,919)

*    Earnings per Share 0.23p (1998: Loss 0.61p)

*    H2 pre-tax profit £508,701

*     Placing  to  fund further investment in enhanced  production
      facilities

*    Year 2000 sales budget in excess of £10 million

*    Sales trend in 1999 H2 continuing


Michael Collins, Chairman, commented:

'The  Board has now approved a sales budget for 2000 in excess  of
£10,000,000 and I am very confident that we will achieve this.

'Sales enquiries and orders for our VME and CompactPCI boards have
continued  at  a  very  healthy  rate,  especially  following  the
introduction  of  our  new  low-power  single  slot  Pentium   III
products.  Based on our current order book, and customer forecasts
and  commitments,  current indications are that  the  sales  trend
established  in  the  second half of 1999 is continuing  into  the
current year.'

                                             14 February 2000

Enquiries:

Concurrent Technologies Plc                  Tel.No.01206 752626
Glen Fawcett, Managing Director

College  Hill                                Tel.No.0171 457 2020
Michael Padley / Nicholas Nelson



CHAIRMAN'S STATEMENT


Financial

In  the  full  year to 31st December 1999 the group  turnover  was
£5,547,633.   In  the  second  half  of  the  year  turnover   was
£3,633,374 which compared with £1,914,259 in the first half.   For
the  full year group profit before tax was £177,065 (1998 £383,918
loss)  which means that in the second half of the year  the  group
achieved  more  than  £500,000 profit before  tax,  in  line  with
expectations.

The  balance sheet of the Group continues to strengthen  with  net
current   assets   increasing  to  over   £3,000,000   and   total
shareholders funds to £3,444,360.

The  Placing to raise £1 million, gross, will provide the  Company
with additional working capital.

Production

In  response to market requirements and the needs of existing  and
potential customers, we are taking steps to reduce our lead  times
for  delivery.   I indicated in the interim statement  in  October
1999  that  we intended to install additional production equipment
this  year  to meet increased demand.  We now intend to accelerate
the  programme and this will enable us to handle more  volume  and
deliver quicker. Once the new equipment has been installed we will
have production capacity to fulfil orders of about £20,000,000 per
annum.   This  will also ensure that our production  equipment  is
specified   to  meet  the  requirement  of  the  latest  component
technologies.   We  also intend to hold larger stocks  of  certain
components  in order to bring the start of the production  process
forward.


Sales

The  Board  has now approved a sales budget for 2000 in excess  of
£10,000,000 and I am very confident that we will achieve this.  We
still expect Multibus II to dominate our sales in 2000 and to sell
more  Multibus II boards this year than ever before as we  have  a
number of customers ordering substantial quantities of boards on a
regular  basis  for systems which we believe will continue  to  be
required for several years to come.  Additionally, we continue  to
increase our Multibus II business as new customers migrate to  our
higher performance Pentium II products.

Sales enquiries and orders for our VME and CompactPCI boards  have
continued  at  a  very  healthy  rate,  especially  following  the
introduction  of  our  new  low-power  single  slot  Pentium   III
products.
Based  on  our  current  order book, and  customer  forecasts  and
commitments,  current  indications  are  that  the   sales   trend
established  in  the  second half of 1999 is continuing  into  the
current year.


Marketability of the Shares of the Company

Since  my report dated 13th October 1999 when I said that we would
be  considering  stepping up to the full Stock Exchange  list  and
TechMARK,  the  marketability and share dealing  activity  in  our
shares  which  are  listed on AIM has increased  dramatically,  as
indeed  has  the listed share price.  In these circumstances  your
Board has no present intention of making a change but we will keep
the situation under review.


Dividends

Your Board does not propose to recommend the payment of a dividend
in respect of the 1999 financial results.


Deferred Shares

We  intend  to  proceed now with the purchase of  the  outstanding
Deferred  Shares.   They are virtually worthless  so  we  plan  to
purchase  them  for £0.00001 per share.  A resolution  to  approve
this  is  included  in  the Notice convening  the  Annual  General
Meeting  this  year.  As last year your Directors will  seek  your
permission to allot Ordinary Shares up to a maximum of 5%  of  the
existing issued Ordinary Share capital of the Company.


Crest

Finally I am able to tell you that the Board has resolved to  join
CREST, the computerised system for settling sales and purchases of
shares.   Our  application  to  join  CREST  has  been  made   and
shareholders  are  expected, if they wish, to be  able  to  become
members.   A  formal  notice and an explanatory  leaflet  will  be
enclosed with the Annual Report.

Michael Collins
Chairman




Schedule  of  Directors' and Related Party Disposals  of  Ordinary
Shares @ 50p per share

A D Hurley Children's Settlement  133,333 Ordinary Shares
A D Hurley 466,667
Celia Dorothy Crowther  120,000
Fairmount  Group Nominees Limited (Michael Collins  SIPP  no  012) 500,000
Glen Fawcett  120,000
Jane Annear  120,000
Dave Evans Hughes  60,000


CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 1999

                                                                  
                                              Year to      Year to
                                                   31           31
                                             December     December
                                                 1999         1998
                                   Notes            £            £
                                                          
Turnover      from      Continuing          5,547,633    3,688,895
Operations
Cost of sales                               3,147,556    1,979,622
Gross Profit                                2,400,077    1,709,273
Design,      development       and          2,244,228    2,119,532
administrative expenses
Operating    profit/(loss)    from            155,849    (410,259)
continuing operations
Net interest                                   21,216       26,341
Profit/(loss)     on      Ordinary    4       177,065    (383,918)
activities before taxation
Taxation                                       15,229     (24,003)
Profit/(loss)     on      ordinary            161,836    (359,915)
activities after taxation
                                                                  
Dividends, proposed and payable:-                                 
Ordinary Shares (equity)                                          
                                                    -            -
                                                                  
                                                                  
Retained Profit / (loss)  for  the            161,836    (359,915)
Year
                                                                  
Earnings per Ordinary Share           4         0.23p      (0.61)p            
                                                                       
                                                                  
Profit/(Loss) for the year                    161,836    (359,915)
                                                                  
Currency  translation  differences                                
on foreign
currency net investments                      (6,250)        2,226
                                                                  
Total  gains / (losses) recognised            155,586    (357,689)
since last annual report



CONSOLIDATED BALANCE SHEET
AT 31 DECEMBER 1999

                                                         
                                                   31           31
                                             December     December
                                                 1999         1998
                                                    £            £
FIXED ASSETS                                                      
Tangible assets                               687,694      794,795
Investments                                        60           60
                                              687,754      794,855
CURRENT ASSETS                                                    
Stocks and work in progress                   800,550      614,650
Debtors                                     2,071,789      952,234
Cash at bank and in hand                    1,619,819    2,133,134
                                            4,492,158    3,700,018
                                                                  
CREDITORS:                                                        
amounts  falling  due  within  one          1,474,463      742,747
year
                                                                  
NET CURRENT ASSETS                          3,017,695    2,957,271
                                                                  
TOTAL ASSETS LESS                                                 
CURRENT LIABILITIES                         3,705,449    3,752,126
                                                                  
CREDITORS:                                                        
amounts  falling  due  after  more            261,089      463,352
than one year
                                                                  
NET ASSETS                                  3,444,360    3,288,774
                                                                  
                                                                  
                                                                  
CAPITAL AND RESERVES                                              
Called up share capital                       963,976      963,976
Share Premium account                       2,453,943    2,453,943
Profit & Loss account                          26,441    (129,145)
                                                                  
SHAREHOLDERS' FUNDS                         3,444,360    3,288,774
                                                                  


CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 1999

                                               Year to       Year to
                                            31 December  31 December
                                                  1999          1998
                                                     £             £
Net   cash  (outflow)/inflow  from           (199,261)       394,704
operating activities
                                                                    
Returns    on   investments    and                                  
servicing of finance:
Interest received                               88,699        97,357
Interest  paid  -  finance   lease            (26,538)      (26,580)
interest
Interest paid - bank interest                 (40,945)      (44,436)
Preference dividends paid                                  (166,500)
                                                   -
Net   cash  inflow/(outflow)  from                                  
returns on investments
and servicing of finance                        21,216     (140,159)
                                                                    
Taxation:                                                           
UK   Corporation  Tax   (including                         (129,122)
Advance Corporation Tax)                           -
                                                                    
Capital  expenditure and financial                                  
investment:
Payments to acquire tangible fixed            (36,016)      (85,389)
assets
Sale of tangible fixed assets                    9,894         9,151
                                                                    
Net   cash (outflow) from  capital                                  
expenditure
and financial investment:                     (26,122)      (76,238)
                                                                    
Equity Dividends paid                                -      (48,479)
                                                    
Financing:                                                          
Issue of Ordinary Share Capital                            2,827,362
                                                   -
Own   Purchase  of  Non-Redeemable                         (450,000)
Preference Shares                                  -
Redemption of Preference Shares                            (678,761)
                                                   -
Expenses  incurred  on  issue   of                         (266,791)
equity share capital                               -
Capital  element on hire  purchase           (202,603)     (201,493)
and finance leases
Borrowings repaid                            (100,295)              
                                                                 -
                                                                    
Net   cash  (outflow)/inflow  from           (302,898)     1,230,317
financing
                                                                    
(Decrease)/Increase in cash                  (507,065)     1,231,023



NOTES

1.    No  dividends are proposed for the period ended 31  December
      1999.

2.   The  results for the year ended 31 December 1998 are abridged
     from  the Financial Statements for the year which contain  an
     unqualified  audit  report  and  have  been  filed  with  the
     Registrar of Companies.

3.   The consolidated Financial Statements have been prepared on a
     basis  consistent with the Financial Statements for the  year
     ended 31 December 1998.

4.   The  calculation  of  earnings per  share  is  based  on  the
     weighted  average  number  of Ordinary  Shares  in  issue  of
     70,700,012 (1998 - 59,112,379), and on the profit  after  tax
     of £177,065 (1998 - Loss £359,915).

5.   Copies of the Annual Report will be sent to Shareholders  and
     will  also be available from the Company's Registered Office:
     4, Gilberd Court, Newcomen Way, Colchester, Essex. CO4 4WN.