AGM Statement

Zytronic PLC
13 February 2003


                                  ZYTRONIC PLC


At today's Annual General Meeting, John Kennair MBE, Chairman, said:


'In my statement to shareholders accompanying the 2002 accounts, I indicated
that the directors did not expect the progress in the business to be reflected
in trading until the second half of the 2003 financial year because of
uncertainties in the electronics sector and the time taken to bring contracts
for Zytouch, the Group's new touchscreen product, to fruition.


Since my statement, the electronics sector has shown no signs of picking up and
it remains the case that potential customers are slow to place orders.


On the positive side, Zytouch continues to be well received by customers and the
relationship with 3M has made good progress, including the placing by them of
initial product orders.


Despite the sluggishness in the market, year to date sales are ahead of the same
period last year. The directors also expect to see an improvement in trading in
the traditionally stronger second half, but it is unlikely that our results will
meet current market expectations.


Actions have been taken to reduce the cost base of the business to reflect
current trading conditions and the directors believe that Zytronic has a solid
foundation from which significant improvements in profitability can be made when
market conditions improve.'


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