Fthr re Preliminary Results

Netcentric Systems PLC 8 February 2001 NETCENTRIC SYSTEMS PLC (the 'Company' or 'Netcentric') Further to the Company's announcement on 31 January 2001 of Netcentric's preliminary results for the year ended 30 September 2000, the Company announces an amendment to the presentation of information in the profit & loss account for the year to 30 September 1999. Under Financial Reporting Standard 3 ('Reporting Financial Performance') a company is required to present comparative information in respect of turnover and operating loss on the same basis as that used for the current year results. As a result the Company has made the following adjustment to the previously disclosed comparative information relating to the year ended 30 September 1999 in order to reflect the respective contributions between continuing and discontinued operations as required under FRS 3. There is no change to the reported loss for either year as a result of this amendment. 2000 1999 £'000 £'000 Turnover Continuing operations 824 42 Acquisitions 41 - 865 42 Discontinued operations 1,840 10,785 Total turnover 2,705 10,827 Operating Loss Continuing operations (975) *(701) Acquisitions (362) * - (1,337) *(701) Discontinued operations 42 * 576 (1,295) (125) Exceptional operating costs (1,657) (234) Total operating loss (2,952) (359) Loss on disposal of subsidiary (661) (118) Profit on disposal of business 35 29 Loss on ordinary activities before interest (3,578) (448) Interest income 35 10 Interest payable and similar charges (617) (218) Loss on ordinary activities before taxation (4,160) (656) Taxation (25) 26 Loss for the year (4,185) (630) Loss per share - Basic (3.25)p (0.8)p - Diluted (3.24)p (0.8)p (N.B. The figures highlighted with an asterisk above have been amended) Full explanatory notes to this will be explained in the Report and Accounts, which will be sent to shareholders in due course. Contacts: Howard Freedman, Finance Director, Netcentric Systems Plc Tel: 020 7314 6859 8 February 2001