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PIC Powershares Dynamic Insurance Portfolio

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Powershares Dynamic Insurance Portfolio AMEX:PIC AMEX Fund
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Agreement

08/05/2003 8:38am

UK Regulatory


RNS Number:8348K
Pace Micro Technology PLC
08 May 2003

8 May 2003



             Pace wins new business with Australian operator FOXTEL



Pace Micro Technology plc has today announced a new digital set-top box
agreement to supply FOXTEL, Australia's leading subscription television
provider.  FOXTEL will utilise Pace's latest digital set-top box platform to
launch its new digital cable service and extend its existing digital satellite
operation.



Chief Executive Officer of FOXTEL, Kim Williams said: "Pace's ability to develop
set-top boxes for both platforms and long-standing reputation for engineering
excellence will be a crucial element of the launch and rollout of our digital
platform."



John Dyson, Pace's Chief Executive said: "Pace is very pleased to supply FOXTEL
with a platform that enables the best possible range of viewer services at the
best possible price.  Pace is continuously improving the functionality of its
set-top boxes and has created an innovative platform on which FOXTEL can launch
its digital services with confidence."

                                     -ends-



Contacts


Helen Kettleborough                                  Ginny Pulbrook
Pace Micro Technology plc                            Citigate Dewe Rogerson
+44 1274 538005                                      +44 20 7282 2945
+44 7887 634083



About Pace Micro Technology

Pace Micro Technology plc (LSE: PIC) is a leader in digital television
technology.  The Company's primary focus is the development of innovative home
gateway (set-top box) solutions for operators, broadcasters, telecommunications
companies and retail markets worldwide.  In addition, Pace develops edge of
network devices for service providers, in particular digital IP gateways for
low-cost integrated voice and data services.



Pace's head office is in Shipley West Yorkshire, with further offices in
Bracknell, Cambridge, the USA, France and Hong Kong.  For further information,
please visit Pace's web site at http://www.pace.co.uk.



About FOXTEL

FOXTEL is Australia's leading subscription television provider and is connected
to more than one million homes on cable and satellite through retail and
wholesale distribution. FOXTEL is owned by Telstra Corporation Ltd (50%), The
News Corporation Ltd (25%), and Publishing and Broadcasting Ltd (25%).  FOXTEL
plsns to launch its digital service in early 2004.  For further information
about FOXTEL, call 131 999 or visit www.foxtel.tv.




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

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