RNS Number:7052U
Delcam PLC
28 January 2004

DELCAM PLC


TRADING UPDATE

The Board is pleased to announce that the group achieved record sales in
December 2003 and the trading performance for the year to 31 December 2003, as a
whole, is expected to be above market expectations.

The Company is also expecting a lower tax charge in the 2003 accounts, largely
due to tax credits arising from research and development tax credits in recent
years.

The Company is currently undertaking a review of its pension fund, the level of
benefits and the fund liabilities. The Directors are of the opinion that there
will be a funding deficit. When the quantum of this deficit has been determined,
the Board will decide how much and over what time period any deficit will be
accounted for in the profit and loss account as an exceptional charge.

The preliminary statement for the year ended 31 December 2003 is expected to be
announced by the end of March 2004 following completion of the pension review.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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