Final Results

Holders Technology PLC
07 March 2007



                             Holders Technology plc



 Providers of specialised materials, equipment and services for the electronics
                       and telecommunications industries



              Audited results for the year ended 30 November 2006



Holders Technology plc announces its audited results for the year ended 30
November 2006.



Highlights



Following the restructuring of European operations in 2005, the group was able
to take advantage of an upturn in business for the PCB industry in 2006.



•               Turnover grew 28% to £18.8m
•               Operating profit grew 89% to £0.9m
•               Net operating cash inflow of £0.6m
•               Chinese subsidiary began trading
•               Proposed 9% increase in final dividend to 3.0p



Chairman's statement



Financials



In the year to 30 November 2006, turnover increased to £18.8m (2005: £14.7m).
The group achieved a pre-tax profit of £0.9m (2005: £0.3m).  The earnings per
share were 13.50p (2005: 8.47p).  Your directors are recommending a final
dividend of 3.0p (2005: 2.75p) per share, which will be payable on 22 May 2007
to shareholders on the register at close of business on 27 April 2007.  The
shares will go ex-dividend on 25 April 2007.



The year to 30th November 2006 was one of considerable progress for the group.
The recovery in profitability which I reported at the time of our interim
results continued through the second half of the year with total group turnover
increasing by 28% and operating profit growing by 87% as compared to the
preceding year.  All of our European subsidiaries achieved improved sales and
profitability during the year and despite a number of problems with supplies in
the period, our Chinese activities made further progress.  Our balance sheet as
at 30th November 2006 remained robust.



These results reflect the benefits of the restructuring of the management of our
European activities which we undertook in order to align our operations more
closely to market requirements and the increasing impact of progressively
improving IT systems across the group.



We have now been able to devolve greater operating authority to the management
teams of our subsidiaries and we have introduced a system of incentives to
reward them for the delivery of consistent growth in turnover and profitability
whilst conserving working capital.



Strategy continues to be set and performance monitored centrally but the greater
operating autonomy that our subsidiaries now have has freed group management to
concentrate on extending the product range and increasing our geographical
coverage.



We are already starting to see the benefits of this approach.  Following the
establishment of our Chinese WOFE we have made an encouraging start to
identifying Chinese made products which may have significant potential for
export.  The combination of supplies into and from China will, we believe, lead
to our Chinese operations making a positive contribution in the current year.



India is rapidly emerging as a country with a growing electronics industry and
we have concluded a joint venture agreement with a small, well established
company located in Mysore to serve the Indian market.  As with our Chinese
operations, this will require time fully to realise its potential.



With the developments in China and the planned venture in India we believe that
we have laid the foundations for a strong international presence.  The wider
geographical presence we are working towards and greater time resources now
available at group level has led to a significant rise in opportunities to
extend our product range both as regards basic volume and specialist niche
products.



It remains the case that the markets which we serve are cyclical in nature but
the range extensions which we anticipate, coupled with the greater geographical
coverage we have achieved, are significant developments for the group.



We believe we are now well placed to seek more stable and sustained growth for
the group.





R W Weinreich
Chairman and Chief Executive



7 March 2007




Consolidated profit and loss account
for the year ended 30 November 2006


                                                                                                       Restated
                                                                       Note              2006              2005
                                                                                        £'000             £'000

Group turnover - continuing operations                                                 18,822            14,740
Cost of sales                                                                        (13,891)          (10,471)

Gross profit                                                                            4,931             4,269
Distribution costs                                                                      (446)             (406)
Administrative expenses                                                               (3,592)           (3,404)
Other operating income                                                                     38                46

Group operating profit                                                                    931               505
Share of associate's operating (loss) / profit                                           (25)              (25)

Total operating profit                                                                    906               480
Cost of fundamental restructuring                                                           -             (215)
Deferred consideration arising on sale of former subsidiary                                39                24

Profit on ordinary activities before interest and tax                                     945               289
Interest receivable                                                                         9                 5
Interest payable and similar charges                                                     (26)              (24)

Profit on ordinary activities before taxation                                             928               270
Tax on profit on ordinary activities                                      2             (390)                88

Profit on ordinary activities after taxation                                              538               358
Minority interests - equity                                                                22               (7)

Profit for the financial year                                                             560               351



Basic earnings per share                                                  4            13.50p             8.47p

Diluted earnings per share                                                4            12.88p             8.29p







Consolidated balance sheet
at 30 November 2006


                                                                                                       Restated
                                                                  Note                   2006              2005
                                                                                        £'000             £'000
Fixed assets
Intangible assets                                                                         382               410
Tangible fixed assets                                                                     506               509
Investment in associated undertaking                                                      119               103

                                                                                        1,007             1,022

Current assets
Stocks                                                                                  3,153             2,624
Debtors                                                                                 2,844             2,970
Cash at bank and in hand                                                                  822               734

                                                                                        6,819             6,328

Creditors: amounts falling due within one year                                        (2,344)           (2,088)

Net current assets                                                                      4,475             4,240

Total assets less current liabilities                                                   5,482             5,252

Creditors: amounts falling due after one year                                             (4)               (6)

Provision for liabilities and charges                                                   (198)             (186)

                                                                                        5,280             5,070

Capital and reserves
Called up share capital                                                                   416               414
Share premium account                                                                   1,531             1,525
Capital redemption reserve                                                                  1                 1
Profit and loss account                                                                 3,170             2,883

Equity shareholders' funds                                                              5,118             4,823

Minority interests - equity                                                               162               247

                                                                                        5,280             5,070








Consolidated cash flow statement
for the year ended 30 November 2006


                                                                  Note                   2006              2005
                                                                                        £'000             £'000

Net cash inflow from operating activities                                                 583               753

Returns on investment and servicing of finance
Interest received                                                                           9                 5
Interest paid                                                                            (25)              (21)
Finance lease interest                                                                    (1)               (3)

Net cash outflow from returns on investment and
servicing of finance                                                                     (17)              (19)

Taxation paid
UK Corporation tax                                                                         48             (254)
Overseas corporation tax                                                                (144)              (10)

                                                                                         (96)             (264)

Capital expenditure
Payments to acquire tangible fixed assets                                               (244)             (116)
Receipts from sales of tangible fixed assets                                               29                58

                                                                                        (215)              (58)

Acquisitions and disposals
Net cash acquired with subsidiary undertaking                                               -                 9
Increase in investment in existing subsidiary                                            (54)
Investment in associated undertaking                                                        -              (31)
Deferred consideration arising on sale of former subsidiary                                39                24

                                                                                         (15)                 2


Equity dividends paid                                                                   (197)             (197)


Cash flow before financing                                                                 43               217


Financing
Issue of shares                                                                             8                 -
Capital element of finance leases                                                        (16)              (42)

                                                                                          (8)              (42)

Increase in cash                                                                           35               175





Notes



1.       The Company has adopted FRS20 'Share Based Payments', FRS21 'Events
after the Balance Sheet Date' and FRS 25 'Financial Instruments: Disclosure and
Presentation' for the first time in these financial statements. The adoption of
these standards represents a change in accounting policy and the comparatives
have been restated accordingly.  FRS20 has been adopted early.



2.       Taxation comprises United Kingdom corporation tax of 204,000 (2005: £
(118,000)), foreign tax of £209,000 (2005: £22,000) and deferred taxation of £
(23,000) (2005: £8,000).



3.       The directors have recommended a final dividend of 3.00p (2005: 2.75p)
per share payable on 22 May 2007 to shareholders on the register at close of
business on 27 April 2007.  The total dividend for the year, including the
interim dividend of 2.0p (2005: 2.0p) per share paid on 19 September 2006,
amounts to £208,000 (2005: £197,000), which is equivalent to 5.00p (2005: 4.75p)
per share.



4.       The basic earnings per share are based on the profit for the financial
year of £560,000 (2005: £351,000) and on ordinary shares 4,149,236 (2005:
4,144,551), the weighted average number of shares in issue during the year.
Diluted earnings per share are based on 4,349,236 ordinary shares (2005:
4,234,551), being the weighted average number of ordinary shares after an
adjustment of 200,000 shares (2005: 90,000) in relation to share options.



5.     This preliminary statement which has been approved by the Board on 7
March 2007 is not the Company's statutory accounts.  The statutory accounts for
each of the two years to 30 November 2005 and 30 November 2006 received audit
reports, which were unqualified and did not contain statements under section 237
(2) or (3) of the Companies Act 1985.  The 2005 accounts have been filed with
the Registrar of Companies but the 2006 accounts are not yet filed.


ENDS             For further information, contact:

                 Mr Rudi Weinreich, Chairman and Chief Executive, Holders Technology plc,
                 on 020 8731 4336

                 Mr Jim Shawyer, Group Finance Director, Holders Technology plc,
                 on 020 8731 4336

                 Mr John Wakefield, Director, Corporate Synergy Plc,
                 on 0117 933 0020.

                 Website www.holderstechnology.com






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