AGM Statement and Trading Update

26 July 2007

Petards, the AIM listed developer of advanced surveillance systems, announces that at its Annual General Meeting held today all resolutions laid before the meeting were duly passed.|

In his statement to shareholders, Tim Wightman, Chairman of Petards, said:

Last year the Group reported a first half operating loss of £0.6m and the Board expects that the 2007 interim results will show a significant improvement over those results. The 2007 interim statement will be released in the latter part of September. The Group is currently trading in line with market expectations for the full year as previously described in the preliminary results announcement made on 28 June.

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