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Virotec Intl Ld (VTI)

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Wednesday 01 December, 2004

Virotec Intl Ld

Clarification of statement

Virotec International Ld
01 December 2004

1 December 2004

                            VIROTEC INTERNATIONAL LTD
                                        
                      CLARIFICATION OF CHAIRMAN'S ADDRESS
                                        

Virotec International Ltd (ASX/AIM: VTI) wishes to provide some additional
information in relation to the statement in the Chairman's address to the 2004
Annual General Meeting that based on the HydroDec transaction '...we expect that
Virotec will report a substantial profit in the 2005 year'.

Virotec expects that following successful completion of the sale of the
HydroDec(TM) Technology, which is expected in late December 2004, it will be able
to record revenue from the transaction of approximately A$16.75 million and
receive repayment of debt of approximately A$1.25 million. At this time, and
based on Virotec's financial performance to date this financial year, the
directors believe that Virotec will post a net profit before tax in the range of
A$4-6 million for the year ended 30 June 2005.

This estimate is based on information that the Company has already released to
the market (including information regarding the financial impact of the sale,
quarterly cash flow statements and the short term and long term incentive plans
for executive directors) and its net performance from day to day operations to
date this financial year which is not materially different from the prior year.
The final number will of course be subject to a number of factors including
determination of the accounting treatment of the transaction and of Virotec's on
going interest in Vert-eco Group plc, and any movement in the Company's share
price which may impact on the accounting for any equity incentives provided to
directors.


Angus Craig
Company Secretary

                           VIROTEC INTERNATIONAL LTD
                               ABN 81 004 801 398
                                   PO BOX 188
                            SANCTUARY COVE QLD 4212
                                   AUSTRALIA
                                www.virotec.com



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