Statement re. Grant of Security to Related Party

    NSB Retail Systems PLC - Announcement                     

As referred to in the 2002 Report and Accounts, NSB Retail Systems PLC ("NSB")
had agreed to provide security to 3068358 Canada Inc. (the "Major Shareholder")
in consideration for the Major Shareholder postponing the cash redemption
payment dates on amounts owing arising from the acquisition of STS at the end
of 2000 (the "Indebtedness", currently 50million Canadian dollars or
approximately £22.4million). The Major Shareholder holds 21.1% of NSB's voting
shares.

This security documentation has now been agreed between NSB and the Major
Shareholder. However as the Major Shareholder holds in excess of 10% of the
voting rights in NSB, the granting of security is a related party transaction
and shareholder consent is required. The documentation has been placed in
Escrow pending this approval.

A circular giving full details of the security and notice calling an
Extraordinary General Meeting proposing an ordinary resolution to approve the
grant of the security will be sent to shareholders in due course.

Enquiries:-

Stuart Mitchell             
                            
Group Finance Director      
                            
Telephone:- 0118 930 1522   



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