Press Centre

Xaar is pleased to announce that sales for the full year are expected to be in excess of £35.0m (2003: £29.2m), with a profit before tax (and foreign exchange movements on inter-company loans) ahead of expectations at slightly in excess of £6.0m (2003: loss of £1.3m on a comparable basis). Cash at the year-end was above £15.0m (2003: £8.5m). The outlook for 2005 is positive although the group’s primary trading currency, the US dollar, remains weak.

ANNOUNCEMENT OF PRELIMINARY RESULTS FOR 2004

Detailed full year results will be released on 15 March 2005.

Ends

CONTACTS
Xaar plc
01223-423663
Ian Dinwoodie, Chief Executive
www.xaar.co.uk

Nigel Berry, Group Finance Director & Deputy Chief Executive
Bankside Consultants
Steve Liebmann
020-7444-4163 / 07802-888159   

For more information, please contact:

Xaar plc: 01223-423663
Nigel Berry, Group Finance Director & Deputy Chief Executive
W: www.xaar.co.uk

Bankside Consultants: 020-7367-8883 / 07802-888159
Steve Liebmann