TRA Tertre Rouge Assets Plc

RNS Number:4412W
TransEDA PLC
27 May 2002


27 May 2002



TransEDA PLC ("the Company" or "TransEDA")



Trading Update



The Company announces that, as a result of difficult trading conditions in the
industry, turnover for the year ended 30 June 2002 will be below market
expectations and broadly equivalent to turnover for the year ended 30 June 2001.




New contracts in the third quarter took longer to secure than anticipated and
this has affected turnover. However, the outlook for the fourth quarter is more
encouraging, with a strong pipeline of business building, and signs that the
technology market is starting to pick up.



The Board has taken steps to reduce its cost base including a reduction in
headcount of 11, via a redundancy program.



TransEDA continues to invest in and develop new technology and will be launching
new verification products during the remainder of the calendar year 2002.



Full year results for the financial year ended 30 June 2002 will be announced on
9 September 2002.



For further information:



Ellis Smith, CEO                                   001 408 839 8217

Ann-marie Wilkinson, Beattie Financial             0207 398 3300/07730 415019






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