Supplementary Statement

Trio Holdings PLC 28 December 2000 28th December 2000 TRIO HOLDINGS PLC Supplement to Preliminary Announcement of Results for the year ended 30th September 2000 ------------------------------------------------------------------------------ dlh/tr588/27/12/00 CHAIRMAN'S SUPPLEMENTARY STATEMENT In respect of the Preliminary Announcement on 11th December of Results for the year ended 30 September 2000, following further discussions between our Auditors and the Board, it has been agreed by the parties that there should be a presentational change between the reconciliation of movement in Equity Shareholders Funds, and the Profit and Loss Account for the year ended 30 September 2000, complying with FRS4. Our Annual Report and Financial Statements will contain the revision. In particular Group revenue reserves will be enhanced by £660,000 in respect of a capital contribution received, compensated for by a reduction in reported consolidated profit on ordinary activities before and after taxation of £ 660,000. There is therefore no alteration to the Group Balance Sheet as a result of this presentational change. The re-presented figures follow, which show retained revenue reserves at the same amount as previously reported. Enquiries to: DAVID HAGAN Executive Chairman, TRIO Holdings PLC 020 7489 8033 TRIO HOLDINGS PLC RE-PRESENTED UNAUDITED PRELIMINARY STATEMENT OF ANNUAL RESULTS FOR THE TWELVE MONTHS ENDED 30 SEPTEMBER 2000 Year to Year to 30 Sept 30 Sept 2000 1999 £000s £000s Turnover 29,198 23,174 Operating expenses (29,040) (22,968) Exceptional operating item - 785 Operating profit 158 991 Profit on sale of investment 2,507 - Profit on ordinary activities before taxation 2,665 991 Taxation UK (697) (455) Overseas 60 (313) Profit on ordinary activities after taxation 2,028 223 Equity minority interests (38) (25) Profit attributable to the shareholders 1,990 198 Dividends paid and proposed (584) (167) Retained profit for the year transferred to reserves 1,406 31 Earnings per share 2.38p 0.24p MOVEMENT ON REVENUE RESERVES Retained revenue reserves at the beginning of the year (712) (14,958) Retained profit for the year transferred to reserves 1,406 31 Capital contribution received 660 - Capital reduction - 14,223 Goodwill transferred on disposal (117) - Other recognised gains and losses 39 (8) Retained revenue reserves at the end of the year 1,276 (712) TRIO HOLDINGS PLC UNAUDITED ABRIDGED CONSOLIDATED BALANCE SHEET AS AT 30 SEPTEMBER 2000 30.09.00 30.09.99 £000's £000's £000's £000's FIXED ASSETS Tangible Assets 825 878 Investments 15 44 840 922 CURRENT ASSETS Stocks 88 64 Debtors 7,859 4,473 Cash 4,575 4,754 12,522 9,291 Creditors under one year (4,193) (2,968) NET CURRENT ASSETS 8,329 6,323 Creditors over one year (1,243) (1,250) NET ASSETS 7,926 5,995 CAPITAL AND RESERVES Share Capital 4,174 4,174 Capital reserve 2,474 2,474 Profit and loss account 1,276 (712) Equity Shareholders Funds 7,924 5,936 Equity minority interests 2 59 7,926 5,995 NOTES 1. Profit and Loss Account The results in foreign currencies are translated into Sterling at the average exchange rates ruling in the year in which the results accrued. 2. Profit on sale of investment This item relates to the profit on the sale of the investment in City Networks Limited, net of costs. 3. Earnings per Share Earnings per share is based on the net profit after taxation attributable to ordinary shareholders and on a weighted average of the number of ordinary shares in issue. 4. Debtors Debtors are analysed as follows: 2000 1999 £000's £000's Trading Debtors 4,766 3,744 Other Debtors 3,093 729 7,859 4,473 Included in other debtors is £2,646,000, being the proceeds of the sale of the Group's interest in City Networks Limited; this was received in full on 10th November 2000. 5. Statement of total recognised gains and losses 2000 £ 000's Profit attributable to the equity shareholders 1,990 Foreign exchange translation differences on foreign currency investment in subsidiaries 39 2,029 6 Reconciliation of movement in Equity Shareholders' Funds 2000 £000's Profit attributable to the equity shareholders 1,990 Capital contribution received 660 Other recognised gains and losses 39 Dividends paid and proposed (584) Goodwill transferred on disposal (117) Net addition to equity shareholders' funds 1,988 Opening equity shareholders' funds 5,936 Closing equity shareholders' funds 7,924 7. Accounts The above accounts do not constitute full accounts within the meaning of the Companies Act. The accounts have been prepared using accounting policies, which are consistent with those used in previous periods. Full accounts for the year to 30 September 2000, (which have not yet been delivered to the Registrar of Companies or reported on by the Auditors) will be circulated to members in early 2001. Full accounts for the year ended 30 September 1999 received an unqualified Auditors' report and have been delivered to the Registrar of Companies. Copies of this supplementary announcement are available to members of the public at the Company's registered office, 4 Deans Court, London EC4V 5AA.

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