PEG Petards Group Plc

RNS Number:3464S
Petards Group PLC
07 October 2005



                 Petards Group plc ("Petards" or "the Company")

                       Statement re. 2004 Group Accounts


The Board of Petards, the AIM listed developer of advanced surveillance systems,
has the following update regarding the review into accounting discrepancies
discovered at one of its subsidiaries, Joyce-Loebl Ltd, that led to its decision
to withdraw the Group accounts for year ended 31 December 2004.



The review by the Company and KPMG, its auditors, is drawing to a close and the
Board expects to be able to provide a further update to shareholders at or
around the end of October.  It is anticipated that this further update will
include the results of the review, the timetable for the mailing of the 2004
restated accounts and the Company's interim results for the six months ended 30
June 2005.  The Board expects that trading in the Company's shares will
re-commence once the 2004 restated accounts and its 2005 interim results have
been sent to shareholders.



For further information:
Petards Group plc                                        Binns & Co PR Ltd
Andy Wonnacott, Finance Director                         Paul McManus
Tel: 01932 788 288                                       Tel: 020 7153 1485
                                                         Mob: 07980 541 893




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