AVD Avid Holdings

    AVID HOLDINGS PLC ("AVID" OR THE "COMPANY")                  

                               SHARE SUSPENSION                                

Further to the announcement made by the Company on 21 October 2008, Avid
continues to seek additional funds in order to finance its working capital
requirements. A further delay in the completion of an order within Electro-mec,
one of the trading subsidiaries of the Company, has had a significant impact on
cash generation. This, and general trading conditions coupled with the
continued difficulty in raising short term funding in the current climate has
resulted in the board of Avid requesting that the shares in the Company are
suspended with immediate effect, pending clarification of the Company's
financial position.

Contact:-

Avid Holdings plc

Jonathan Bobbett, CEO

Tel: 01622 872022

Zeus Capital Limited, Nominated Adviser

Ross Andrews

Bobby Fletcher

Tel: 0161 831 1512



END

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