AVD Avid Holdings

    FOR IMMEDIATE RELEASE

                               AVID HOLDINGS PLC                               

                            ("Avid" or "the Group")                            

                                TRADING UPDATE                                 

Avid, the precision engineering Group, today provides an update on current
trading and announces that the Board intends to raise short-term finance.

Since the announcement of the Interim Statement for the six-months ended 30
June 2008, performance for Alpha Anodising and Pill protect have been in line
with expectations. Trading at Electro-mec for July was also in line with
expectations, but the late completion of a major order has resulted in a
significant reduction in cash generation. This, combined with a tightening of
creditor terms and an extension of debtor days, has put pressure on short term
cash position of the Company.

The Directors are endeavouring to raise additional working capital and are in
discussions with a number of sources. They are hopeful that they will be in a
position to update the market on the conclusion of these discussions shortly.

The Board is pleased to announce that Electro-mec has recently won an important
contract worth �237,000 for delivery early next year.

The Group continues to look at opportunities to consolidate within the
precision engineering sector.

For further information contact:

Jonathan Bobbett, Chief Executive
Avid Holdings plc

+44 (0) 1622 872 022

Ross Andrews, Nominated Adviser

Zeus Capital Ltd

+44 (0) 161 831 1512



END

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