RNS Number:4539T
MOS International PLC
19 December 2003

                             MOS INTERNATIONAL PLC

                                 Trading Update

At an Extraordinary General Meeting of the Company held today, those attending
discussed the issue regarding net assets raised in the Notice of EGM, dated 25th
November 2003.

At the meeting the Chairman, Philip Wood made the following comments:

"Due weight will be afforded to the comments, made by shareholders, in the
Board's deliberations.

"As I have said previously the restructuring of the business has been completed
and we are now focussed on its traditional strengths in the oil rig market.

"Trading in the period to 30 September shows a significant improvement to the
comparable period last year. We are currently operating at break-even, seeing
rising demand for our products and an improving market is also in our favour.
Although there is still a way to go before MOS will be trading at an acceptable
level, I am confident regarding the future of the Company. As announced at the
time of the Audited Results for the Year ended 31 March 2003, last week, we have
signed a Memorandum of Understanding with Baker Marine, and we are in
discussions with 2 rig builders, in particular, regarding joint venture
agreements."

"I have already been in touch with my personal contacts in the Middle East and
Brazil and am confident of winning new orders, particularly in the latter,
during 2004."

"However, cashflow remains very tight and the management cannot relax until new
orders are won and either the business is refinanced or cashflow improves
significantly."

"Having said that I am optimistic; enquiry levels are high, the cost base has
been cut, we have technology that people want and with 243 jack-up rigs forecast
to be built by 2011* the market is potentially the most buoyant we have seen.
Overall, I feel that we have started on the road to recovery."

*source: ODS-Petrodata June2003
                                                              19th December 2003

For further information, please contact:

Philip Wood, Chairman, MOS International plc                        01274 531862

Michael Padley/Susan Scott, Bankside Consultants                    207 444 4140

Copies of the above statement are available from the Company's registered
office: Unit E, Wharf Street, Shipley BD17 7DW

Also available are copies of the Interim Report which was issued at 7am today.

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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