RNS Number:9150M
Automotive Precision Holdings PLC
30 June 2003


                                 PRESS RELEASE


                                                                    30 June 2003


                       Automotive Precision Holdings plc
                               Long-Term Financing
                              Report & Accounts 2002


Automotive Precision Holdings plc announces that it has accepted a firm offer of
progressive funding which will secure long term financing for the Group. The
offer is subject to certain conditions, which the Board is confident are capable
of being satisfied. Under these new arrangements, the Board believes that the
Group will have sufficient working capital for the foreseeable future including
funding for the capital expenditure necessary to accommodate expected turnover
growth over the next 18 months.

A copy of the Report & Accounts 2002 has been submitted to the UK Listing
Authority and will shortly be available for inspection at the UK Listing
Authority's Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS
Tel. No. +44 (0)20 7676 1000


For further information:

Stefan Petszaft, Managing Director             Peter Willetts
Automotive Precision Holdings PLC              Tavistock Communications
Tel: 01732 365 421                             Tel: 020 7600 2288



                      This information is provided by RNS
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