RNS Number:7711Q
Horizon Technology Group PLC
10 October 2003

                          Horizon Technology Group plc

               Variation to the terms of an acquisition agreement

Horizon Technology Group plc is pleased to announce that it has entered into an
agreement to alter the form in which part of the consideration for the buy-out
of a minority stake in one of its subsidiaries, Clarity Technology Limited, is
to be satisfied.

The net impact is that Horizon will issue 210,126 ordinary shares and make an
additional cash payment of Euro1.3m to the minority stakeholders in place of its
original obligation, fully provided for in recent interim accounts, to issue
4,400,000 ordinary shares.

As a result of this change, net cash balances will reduce by Euro1.3m and earnings
per share going forward will increase by 6%.




For more information contact:

Paul McSharry
Financial Dynamics Ireland
Tel: +353-1-6633633
E-mail: paulmc@fdireland.ie



Niamh Lyons

Financial Dynamics Ireland

Tel: +353-1-6633633

E-mail: niamh@fdireland.ie



10 October, 2003


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