RNS Number:8044O
Centurion Electronics PLC
19 August 2003

Strictly embargoed until: 7.30, 19 August 2003

                         Centurion Electronics plc

                  #1.2 million Institutional Fundraising

Centurion Electronics plc ("Centurion" or the "Company"), a UK market leader in
the field of in-car audio-visual entertainment, today announces that it has
raised #1.2 million, before expenses, by way of a Placing of 1,904,761 new
Ordinary Shares at a price of 63p with new and existing institutional investors.

Since its flotation on AIM in December 2002, when it raised #2.3 million,
Centurion has worked on consolidating its market-leading position in the UK.  It
has succeeded in significantly strengthening relationships both with existing
and new car manufacturers, franchise motor dealer groups and leading multiple
retailers.

However, in line with its business plan and recent European contract signings,
the Company's Directors now feel that the time is right for Centurion to
proactively develop its business in Western Europe.  The additional funds raised
in this Placing will significantly strengthen the Company's balance sheet and
support this expansion, in particular providing working capital for the
necessary R&D following European contract wins.

Steven Cunningham, Chairman of Centurion, commented "It has always been our
intention to target the European market which remains one to two years behind
that of the UK.  With this fundraising we look forward to devoting more
resources to expanding this side of our business both through the development of
new and existing products for our customers and possibly through acquisition.

"We plan to build on some already significant interest in our systems on the
Continent.  For example, although currently in development stage, one new
pan-European contract with a large motor manufacturer will begin to impact on
turnover in 2004 - 2005."

Application will be made for these new Ordinary Shares to be admitted to trading
on AIM, which is expected to become effective on 22 August 2003.

For further information please visit www.ceplc.net or contact:


Steven Cunningham       Lindsay Mair                    Rosie Brown
Chairman                John Prior                      Melissa Hubbard
Centurion Electronics   Corporate Synergy               Tavistock Communications
Tel: 01707 330550       Tel: 020 7626 2244              Tel: 020 7600 2288
steven@ceplc.net        lmair@corporatesynergy.co.uk    rbrown@tavistock.co.uk




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