Pre Close Statement

Sondex PLC 12 March 2004 Sondex plc ('Sondex' or the 'Company') Pre Close Statement Sondex, the oilfield technology company, today provides an update prior to entering into the close period for the Company's results for the year ended 29 February 2004. Revenues and profits, despite adverse currency fluctuations, for the year ended 29 February 2004 are anticipated to be in line with market expectations. Strong margins have been maintained, and the Company will benefit from its currency hedging which will result in pro-forma earnings being above expectations; the results demonstrate an underlying increase in growth beyond the Company's historic rates of 20-25%. Current activity levels and order book remain strong, underpinned by the industry focus on using technology to prove reserves and extract the maximum remaining hydrocarbons from known oil and gas fields. Sondex is also pleased to announce that it has continued to develop its international expansion strategy and opened a further overseas office in Beijing, China. The new office will provide sales and customer support in that region, where the Company has recently gained a number of major new customers and orders. This follows the recent opening of the Company's Middle East office in October and the acquisition of Computer Sonics Systems in Canada, which has been integrated successfully and is already demonstrating good returns from the investment. Sondex remains firmly focused on providing leading edge technology to maximise reserves recovery from existing oil and gas fields. The Company is also, in line with its stated strategy, actively pursuing a number of potential acquisitions of companies which have parallel and complementary product lines. Martin Perry, Chief Executive, commented: "I am delighted that Sondex continues to demonstrate its ability to take advantage of the Oil and Gas industry's need for technology, resulting in our ongoing financial, regional and product portfolio growth." 12 March 2004 For further information, please contact: Sondex Tel: 0118 932 6755 Martin Perry (Chief Executive) College Hill Tel: 020 7457 2020 James Henderson Nick Elwes This information is provided by RNS The company news service from the London Stock Exchange DFFFXLEFE
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