Capital Reduction

Quadnetics Group PLC 06 March 2003 Quadnetics Group PLC (the 'Company') Thursday 6 March 2003 Capital Reduction Quadnetics Group plc, a leader in the design, integration and control of advanced CCTV and networked video systems, announces that confirmation of the capital reduction approved by shareholders on 12 February 2003 was received from the High Court yesterday. The capital reduction will become effective once filed at Companies House in the next few days. The capital reduction will allow the Company to utilise its capital redemption reserve and share premium account to eliminate fully the deficit on the profit and loss account, enabling dividends to be paid out of future profits credited to that account. Commenting on the confirmation the Chairman, Peter Rae said 'In my statement with the Annual Report in October 2002 I reported that the Board intended to restructure the Company's reserves to enable dividend payments to be recommenced. I am therefore pleased to report that this has now been achieved and I look forward to being able declare a dividend in the future.' ENDS For further information please contact: Quadnetics Group plc Peter Rae, Chairman Nigel Poultney, Finance Director 01527 850 080 Brewin Dolphin Securities Neil Baldwin 0113 241 0126 Media enquiries: Bankside Consultants Limited Ariane Vacher 020 7444 4143 This information is provided by RNS The company news service from the London Stock Exchange