Vega Group PLC
26 February 2004


For Immediate Release                                          26 February 2004

                                 VEGA Group PLC

                     Working with Inmarsat, Thales and EADS
  in bid for euro 2.2 billion Galileo Concession

VEGA is pleased to announce that it has been named as an associated party to the
iNavSat Consortium, in support of Inmarsat Ventures, Thales and EADS Space.

iNavSat is one of three consortia to have been selected by the Galileo Joint
Undertaking, on behalf of the European Commission and the European Space Agency,
to bid for what they are estimating will be the euro 2.2 billion Galileo
Concession.

Galileo is a European Union project to develop a new advanced satellite
navigation system. The Concession will form a Galileo Operating Company, for the
deployment and operation of the Galileo satellites.

VEGA has been involved in the study and design phases of Galileo for the last
four years, and is now well positioned to offer wider services to the programme.

Phil Cartmell, VEGA's Chief Executive commented "We are delighted to be
associated with  the iNavSat team. Working with strategic partners to address
major industry initiatives such as Galileo, is core to VEGA's business 
strategy."



For further information:


VEGA Group PLC :             Phil Cartmell - Chief Executive       01707 391999
www.vega.co.uk

Buchanan Communications :    Tim Anderson    020 7466 5000
www.buchanan.uk.com          Nicola Cronk


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