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Thursday 20 November, 2003

AIM

AIM Prospective Admission

AIM
20 November 2003


                 ANNOUNCEMENT TO BE MADE BY AIM APPLICANT AT LEAST 20 BUSINESS DAYS PRIOR TO ADMISSION

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME:
 Wilshaw PLC

COMPANY ADDRESS:
12-14 Hill Street, Richmond, Surrey

COMPANY POSTCODE:
TW9 1TN

COUNTRY OF INCORPORATION:
England

COMPANY BUSINESS:
The Company designs and manufactures sintered and plastic bonded magnets, soft magnetic components and precision
assemblies

DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price):
39,204,556 ordinary shares of 5p each

CAPITAL TO BE RAISED ON ADMISSION:
N/A

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Hugh Ronald Peter Reynolds             Chairman and Chief Executive
Lesley Baird Innes                     Finance director
James Laing                            Executive director
Francis Guy Lewis Askham               Non-executive director

PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL AS AT
14 JULY 2003

Eaglet Investment Trust plc                                                    29.9%
HRP Reynolds                                                                    5.7%
Building and Civil Engineering                                                  3.8%
CJ Lea                                                                          3.3%
Sun Life International                                                          3.2%


NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES:
N/A

ANTICIPATED ACCOUNTING REFERENCE DATE:
31 March

EXPECTED ADMISSION DATE:
19 December 2003

NAME AND ADDRESS OF NOMINATED ADVISER:
Collins Stewart Limited, 88 Wood Street, London EC2V 7QR

NAME AND ADDRESS OF BROKER:
Collins Stewart Limited, 88 Wood Street, London EC2V 7QR

DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS
WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:
N/A

DATE OF NOTIFICATION:
20 November 2003

NEW/ UPDATE (see note):
New

QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:

THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S SECURITIES HAVE BEEN TRADED:
Official List of the United Kingdom Listing Authority

THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED:
26 October 1987

CONFIRMATION THAT THE APPLICANT HAS ADHERED TO ANY LEGAL AND REGULATORY REQUIREMENTS INVOLVED IN HAVING ITS SECURITIES
TRADED UPON SUCH A MARKET:
Confirmed

AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS WHICH THE APPLICANT HAS MADE PUBLIC OVER THE LAST
TWO YEARS (IN CONSEQUENCE OF HAVING ITS SECURITIES SO TRADED) ARE AVAILABLE:
Travers Smith Braithwaite, 10 Snow Hill, London EC1A 2AL

DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS
INVESTMENT STRATEGY:
The Group's strategy is to develop its soft magnets business, targeting high volume, technically demanding
applications.

A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE APPLICANT, WHICH HAS OCCURRED SINCE THE
END OF THE LAST FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED:
Other than as disclosed in the Company's interim results for the 6 months ended 30 September 2003 announced on 20
November 2003, there has been no significant change in the financial or trading position of the Company and its
subsidiaries since 31 March 2003, being the end of the last financial period for which audited statements have been
published.

A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT ITS WORKING CAPITAL WILL BE INSUFFICIENT
FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION:
The directors of the Company have no reason to believe that the working capital available to the Company and its
subsidiaries will be insufficient for at least twelve months from the date of its admission.

DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES:
N/A

A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S SECURITIES:
The Company's shares are settled though CREST.

ADDRESS WHERE DOCUMENTS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES CAN BE VIEWED:
Travers Smith Braithwaite, 10 Snow Hill, London EC1A 2AL

INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT CURRENTLY PUBLIC:
All such information is public and is available for inspection at the offices of Travers Smith Braithwaite, 10 Snow
Hill, London EC1A 2AL

A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST ANNUAL REPORT AND ACCOUNTS WHICH MUST HAVE A FINANCIAL
YEAR END NOT MORE THEN NINE MONTHS PRIOR TO ADMISSION.  THE ACCOUNTS MUST BE PREPARED ACCORDING TO UK OR US GAAP OR
INTERNATIONAL ACCOUNTING STANDARDS.
The annual report for the Company for the year ended 31 March 2003 can be found on the internet at www.wilshawplc.com.






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