First And Final Dividend For Year Ended 31 December 2003 - Change Of Tax Rate

Sunningdale Precision Industries Ltd ("the Company") refers to the Full Year Financial Statement and Dividend Announcement made on 25 February 2004 where it was announced that a First and Final Dividend of 0.6 cent per ordinary share would be paid less income tax of 22%.

Following the 2004 Budget announcement on 27 February 2004 made by the Minister of Finance whereby the corporate tax rate was reduced from 22% to 20%, the Company wishes to announce that, subject to shareholders' approval at the Company's forthcoming annual general meeting to be held on 21 April 2004, the First and Final Dividend of 0.6 cent per ordinary share will be paid less income tax of 20% on 13 May 2004.