Result of Rights Issue

RNS Number:5478P
NXT PLC
09 September 2003

NXT plc (the "Company")

9th September 2003

Result of Rights Issue


The Company announces that the 1 for 5 Rights Issue of up to 14,853,051 new
ordinary shares of 25p each (the "New Shares") at 70 pence per share as detailed
in the circular to shareholders dated 29th July 2003 (the "Circular") closed at
9.30am on 8th September 2003.

The company received valid applications in respect of 13,567,608 New Shares from
Qualifying Shareholders, which represents an aggregate take-up of over 91 per
cent. This includes the New Shares that the Directors of the Company undertook
to take up.

The remaining New Shares not taken up or subscribed (the total of these New
Shares not taken up or subscribed being 1,282,817 New Shares after adjusting for
fractional entitlements) were successfully placed for the benefit of
non-qualifying shareholders and shareholders who did not subscribe for their
rights or sell them Nil Paid, in accordance with the terms of the Underwriting
Agreement.

The Company also announces that its Preliminary Results for the year ended 30th
June 2003 will be released on 12th September 2003 and a presentation to analysts
will be held at 10.30am at the Farmers' and Fletchers' Hall, 3 Cloth Street,
London EC1A 7LD. Please contact Nick Lockwood or Paula Crymble at Capital MS&L
(020 7878 3181) to attend.



For further information please contact:

David Pearson / Peter Thoms        Tel:  [phone]
NXT plc

Giles Elliott / John Craven        Tel:  [phone]
Bridgewell


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