RNS Number:0052T
Magnum Power PLC
08 December 2003


FOR IMMEDIATE RELEASE                         8 December 2003


                  MAGNUM POWER PLC ("Magnum" or the "Company")

 FURTHER RE: PRELIMINARY ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31 MAY 2003
                 RELEASED ON 28 NOVEMBER 2003 AT 18:17PM UNDER
                    RNS NO. 6606S ("Preliminary Statement")

The note to the Preliminary Statement contained an error in note 3 in relation
to the auditor's opinion on the report and accounts for the year ended 31 May
2002. The error does not relate to the accounts for the year ended 31 May 2003.
The corrected version of note 3 is set out below:

"The financial statements for the year ended 31 May 2002 have been extracted
from the Company's accounting records and from the statutory accounts for that
year on which the auditors gave an adverse opinion on the basis that they had
been provided with insufficient evidence that the Company had the working
capital necessary to continue as a going concern. The report and accounts for
the year to 31 May 2003 will be posted to shareholders and, after being laid
before the Annual General Meeting, will be delivered to the Registrar of
Companies."


Enquiries:

Edward Adams                         Telephone:          020 7209 1324
Chairman
Magnum Power

Roland Cornish                       Telephone:          020 7628 3396
Chairman
Beaumont Cornish Limited


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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