RNS Number:8211A
Network Technology PLC
15 November 1999


                   Network Technology PLC
                        EGM Statement


During the first half of this Financial Year, April 1999  to
September  1999, the Network Technology group  of  companies
made  a  much reduced loss down from 2.6 million in the  six
months  to March 1999 and will shortly be announcing interim
results for the six months ended 31st September.

This  was  the  result  of  a serious  restructuring  effort
reducing the total workforce to 140 from 300 at the  end  of
1998.  All companies but the US manufacturing operation  are
now cash positive.

The  working  capital requirements have  been  resolved  and
First   National  Invoice  Finance  has  replaced   National
Westminster Bank as the main lender.

The result of the restructuring should put the group into  a
cash  positive position for the third quarter  of  this  new
financial  year.  Three of our subsidiaries are expected  to
come out of administration to enter into a CVA by the end of
November  4th  and  the  least  significant  subsidiary   is
expected to leave administration in the near future.

The  main  business  is  Network  Connectivity  Devices  and
related  technology and the company has begun to see renewed
interest  from  printer manufacturers  to  embed  our  world
leading protocol stacks into their products.

The  emerging  business  is  in  the  group's  data  storage
technology  where a CD and DVD based storage  server  builds
the  heart of a near-line storage system now being evaluated
by  a  number  of  banks in Germany, USA and  the  UK.  This
technology  will  be  the center  of  a  new  drive  to  the
paperless  office and the accessibility of information  from
anywhere in the world.



For further information:

William Cooper / Lulu Bridges
Tavistock Communications Ltd
Tel: 0171 600 2288


END
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