Disposal

Screen PLC 15 March 2004 Screen plc ('Screen' or 'the Company') Disposal of Petards Emergency Services Limited ('PESL') Screen, a leading provider of advanced security and surveillance systems, announces that on Friday 12th March 2004 it sold the business and assets of its wholly-owned subsidiary PESL to Assetco Data Solutions Limited for a cash consideration of £865,554. The net proceeds will be applied towards reducing Group indebtedness. PESL's revenue in the year ending 31st December 2003 was £ 2,753,983 (2002: £2,318,676) and it made profit before tax of £135,020 (2002:£146,597). PESL's net assets less net cash balances at 31st December 2003 were £109,410 (31.12.2002: £247,767). PESL's main activity is the provision of software for the Fire Services. This is a market sector which is undergoing significant change at the present time. Screen's involvement in the sector was insufficient for it to be a strategic player in the future. The disposal is consistent with the strategy announced in November 2003 to achieve greater focus and critical mass in the group's core activities of security and surveillance systems. 15th March 2004 Further enquiries: Tim Wightman Chairman 01789 262664 07711 089813 Binns PR Paul McManus 020 7153 1485 07890 541 893 This information is provided by RNS The company news service from the London Stock Exchange
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