MAIDEN TRADING UPDATE FOR THE HALF YEAR ENDED 31 MARCH 2005
28 April 2005 - Sarantel Limited

Sarantel began trading on AIM on 2 March 2005, today provides an update for the half year ended 31 March 2005.

Trading in the six months to 31st March 2005 was in line with expectations. The company shipped 325,000 units in the period, against approximately 50,000 units in the same period a year earlier and against 170,000 in the whole of the year to 30 September 2004. At the end of the half the order book stood at over £2m, a more than five fold increase on the same time a year earlier.

The second half has started encouragingly. Sarantel continues to source new business in its key markets, notably the recently announced TomTom agreement. There are also significant design wins with customers in Europe and Asia. The Directors anticipate that the Company will continue to develop its order book and prospect pipeline in the second half, with particular emphasis on new markets such as satellite radio.

Due to unforeseen supplier delays, Sarantel's bespoke manufacturing equipment is now expected to be delivered and installed in early May. This should still enable the company to ship its anticipated volume of not less than 1m units in the full year to 30 September 2005. Sarantel intends to release its interim results for the half year ended 31 March 2005 on 6 June 2005, and a further update on trading and outlook will be given then. The company plans to host an investor site visit following the interim results.

http://www.sarantel.com

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