AGM Statement

RNS Number:0235S
NXT PLC
13 November 2003

13 November 2003



                                    NXT PLC



                                 AGM Statement



Gordon Owen, CBE, Chairman of NXT plc, will make the following remarks at
today's AGM:



"We have been encouraged by a number of developments by key licensees and major
strategic partners since the preliminary results in September.

NEC has expanded the number of SoundVu enabled monitors to 70% of its Valuestar
PC range and Sharp has demonstrated a four-inch, SoundVu enabled LCD screen for
mobile applications.

In addition, US retailer Brookstone has added another four items to its range of
NXT enabled products and Philips is now bundling its NXT based wireless rear
channel TV speakers with additional TV products.

Further evidence of the take-up of NXT technology by major consumer electronics
companies was available last month in Japan at CEATEC, Asia's leading IT and
electronics showcase, where NEC, Citizen, Sharp and Hosiden, demonstrated a
range of NXT enabled prototypes including a laptop, PDA and mobile phone.

Our intention has always been to keep shareholders informed of the timing and
nature of product developments. However, we are often constrained by the actions
of our licensees as it is they who determine the move from prototype to product,
and at times this step can be delayed.  Such is the case with the mobile phone
which we had hoped would be in the market by late 2003, but will now be
launched, based on the latest information from our licensees, during the first
half of 2004.



Finally I am pleased to confirm that first quarter results are in line with our
budget.  The Board and I remain confident that we will meet our expectations for
the year, bearing in mind the usual seasonal bias in revenues towards the second
half."



For additional information, please contact:



NXT PLC                           020 7343 5050

David Pearson, Chief Executive


Peter Thoms, Finance Director



Capital MS&L                      020 7878 3181/
Nick Lockwood                     07941 783 324




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