RNS Number:3705H
Blazepoint Group Plc
12 February 2003

                              Blazepoint Group plc

                        ("Blazepoint" or "the Company")

                                 Trading Update

The Company has continued to incur losses and the Board has therefore undertaken
a review of the business, including a disposal of one or more of its
subsidiaries. To this end, the Board of Blazepoint announces that it is in
advanced discussions to dispose of all of its subsidiaries for a consideration
not to exceed #300,000, payable in cash over a three year period. The proposed
disposal would also include provision for further consideration to be payable to
the Company in the event that the subsidiaries are disposed of for a profit in
the 18 month period following completion of the proposed disposal.

If the proposed disposal proceeds, Blazepoint will not be engaged in any trading
activity and will have a minimal net asset value.

A further announcement will be made in due course.

Enquiries:

Paul Cooper, Managing Director     01865 892 030


                      This information is provided by RNS
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