Trading Update

Plexus Holdings Plc
13 February 2006




FOR IMMEDIATE RELEASE                                           13 February 2006

                              Plexus Holdings plc
                           (Plexus or 'the Company')

                                 Trading Update

Plexus Holdings plc, the owner of the proprietary POS-GRIP TM method of wellhead
engineering today announces that it has noted recent reports of a significant
tightening of exploration and appraisal well rig availability in the North Sea.
This development has begun to result in delays in the commencement of certain
rental projects. Although Plexus is increasingly focused on servicing the more
specialised High Pressure/High Temperature (HP/HT) applications, this
development is of particular relevance to Plexus at the current time as the
introduction of its wellhead technology to the rental market place over the last
few years has mostly been through working with third party turnkey well
management companies operating on behalf of smaller exploration and production
companies. It is these companies that are most affected by the resulting
significant increases in rig rental day rates which together with the deployment
of rigs around the world that might have been available to the North Sea has
limited their ability to secure rigs. Although this development will impact
Plexus in the current financial year, as more rigs become available for
exploration drilling Plexus is confident that it should benefit accordingly.

Despite the impact of industry wide rig shortages, Plexus' rental business in
the more specialised High Pressure/High Temperature (HP/HT) areas with the
larger international oil companies is continuing to grow with recent tender wins
generating work for BP Egypt and ConocoPhilips. Most significantly the level of
interest in Plexus' 'HG' metal to metal seal production wellheads also continues
to gain momentum, and the directors expect Plexus to be awarded a contract
imminently for the supply of wellhead equipment for 2 new production wells for a
major operator in the North Sea.

Plexus is further encouraged by the continuing and increasing level of
exploration and production activity that is taking place around the world in
ever more technically challenging unconventional fields. The Directors are
confident that this trend and in particular the growing need for HP/HT
applications supports the Company's strategy of becoming over time a new
wellhead standard, particularly as recent reports confirm that unconventional
oil and gas fields will become increasingly important in the drive to meet
future global energy needs.

Plexus' CEO, Ben van Bilderbeek, commented:

'Our strategy of convincing the oil and gas industry over time of the technical,
performance, and safety benefits of wellheads utilising POS-GRIP TM technology
remains firmly on track, and we now have our second and third 'HG' wellhead
projects in the North Sea underway. 'HG' is our high performance metal seal
technology which is activated using POS-GRIP TM. It is particularly reassuring to
note that these latest wins are production wellheads of a lower pressure (6,500
psi) variety, confirming our belief that the market for POS-GRIP technology will
indeed span the pressure spectrum. In addition the recent tender win for HP/HT
(15,000 psi) exploration wellheads with BP Egypt further broadens our market
reach and profile which we are seeking to build on through various marketing
initiatives currently underway in the Far East; Middle East; and North America
(Gulf of Mexico).'


For further details please contact:

Plexus Holdings plc                                    Tel: [phone]
Bernard van Bilderbeek, Chief Executive                             
Graham Stevens, Finance Director

Buchanan Communications                                Tel: [phone]
Tim Thompson / James Strong                                        

Notes to Editors

The Plexus Group is an established oil and gas engineering, and service business
based in Aberdeen, with an office in London and a presence in Houston, Texas
through PDT. Plexus has developed and patented a method of engineering for oil
and gas field wellheads and connectors, named POS GRIP TM, which involves deforming
one tubular member against another to effect gripping and sealing. Plexus was
admitted to trading on AIM in December 2005 when it raised approximately £10m of
new funds for the Company.

POS-GRIP TM wellhead systems have been used in more than 60 oil and gas wells to
date by international customers and end users including, ConocoPhillips, BHP
Billiton, Talisman Energy, Tullow Oil, Global Santa Fe, Gaz de France and
Wintershall. In February 2004, BP contracted to purchase POS-GRIP TM gas platform
production wellhead systems for the US$4.1 billion Shah Deniz development, one
of the major gas fields in the Caspian Sea. Between 2005 and the end of 2008,
the Directors estimate that this relationship has and will generate revenues in
excess of £6.5 million for the Group.

The Directors believe that the raising of the Company's corporate profile
following its recent Admission to AIM in December will accelerate the roll out
of POS-GRIP TM technology as a superior alternative to current wellhead technology,
and which has particular advantages in High Pressure/High temperature (HP/HT)
oil and gas environments for which there is increasing demand throughout the
world. The Company's long-term goal is to develop POS-GRIP TM technology as the
future industry standard for wellhead design. This objective includes the
distribution of POS-GRIP TM technology through licensees to maximise market
penetration. The Directors believe that the Plexus Group can over time become a
member of the 'first tier' of global wellhead systems suppliers.




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