Trading Update & Board Change

Pressure Technologies PLC 11 October 2007 PRESSURE TECHNOLOGIES PLC ('the Company') 11 October 2007 Trading Update Further to the previous trading update issued on 30 July 2007 the Directors are pleased to report that the Company's strong performance has continued in the final two months of the financial year. Consequently the Board expects that the profit before tax and exceptional items for the year ended 30 September 2007 will show a result ahead of market expectations. The prospects for 2008 remain strong. Exceptional Item The Company has incurred professional costs of around £0.4 million in relation to an abortive acquisition in this period. Since July the Company has been in discussions to acquire a significantly larger overseas competitor which would have represented a transformational transaction. However following an extensive due diligence exercise and detailed negotiations the Company has been unable to agree satisfactory terms to acquire this business. The Company continues to review a number of smaller acquisition opportunities in line with its stated strategy. Board Change The Company announces that Jonathan Clark will leave the Board following completion of the audit for the year ended 30 September 2007. The Board expresses its appreciation for his contribution during and since the Company's flotation. A suitable replacement is being sought. Preliminary Announcement The Company expects to report its preliminary results for the year just ended by 18 January 2008. Contacts: Pressure Technologies plc John Hayward Chief Executive 0114 242 7506 07711 891186 Brewin Dolphin Investment Banking Neil Baldwin Director 0113 241 0130 ENDS This information is provided by RNS The company news service from the London Stock Exchange
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