ELH Eurodis Elect.

RNS Number:4107D
Eurodis Electron PLC
28 September 2004


                                  PRESS RELEASE

                             ANNUAL GENERAL MEETING

At the annual general meeting of Eurodis Electron PLC today, Mr Doug Rogers,
Chairman, is making the following statement:

"In recent weeks there are signs that growth in demand for electronic components
in Asia is continuing at a lower pace and this has brought global supply more
closely in line with demand. Where previously we had seen some products on
allocation - where suppliers ration supplies - lead times have mainly now
reverted to normal levels. As a result of this, we believe that inventory levels
in the global supply chain may be higher than normal, a number of distributors
are reducing their stock levels and upward pressure on prices has largely been
eliminated.

In the European market, where Eurodis operates, the underlying consumption of
electronic components has been maintained, but, during September, we have seen
customers taking advantage of reduced lead times by lowering their forward order
commitments. We are, therefore, also taking steps to reduce our inventories. We
continue to control costs tightly to improve efficiency and expect that effects
on sales due to a short term global inventory correction will be offset by lower
operating costs.

We continue to work hard on recovering market share and return the business to
profitability, though, as stated in our results announcement of 27 July 2004,
the pace of this recovery remains difficult to predict."



For further information, please contact:

Eurodis Electron PLC
Doug Rogers, Non-Executive Chairman                         01737242464
Steven Swayne, Chief Executive                              01737242464
Peter Grant, Group Finance Director                         01737242464

Bell Pottinger Financial
Zoe Sanders/Emily MacKay                                    02078613232




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            The company news service from the London Stock Exchange

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