RNS Number:3556S
Delta PLC
21 November 2003



                               Trading Statement


The revenues earned by the Group's manganese businesses are US Dollar
denominated and a significant proportion of their costs and liabilities are
denominated in South African Rand or Australian Dollars as explained in our
interim statement. The adverse effect upon the financial performance of these
businesses continues with the further strengthening of the South African Rand
and Australian Dollar against the US Dollar, and the Group's earnings from these
operations will not meet our earlier expectations.


Consequently, the Group's continuing profit on ordinary activities before
taxation, exceptional items and goodwill amortisation for the second half is
expected to be around #3m below the #14.8m reported for the first half, assuming
no further currency movements and before any possible pension charge.


Date: 21 November 2003


Contact:


Delta plc
Mark Robson, Finance Director

Tel: 020 7836 3535


IRfocus (Investors & Analysts)
Chris Birks
Tel: 020 7861 3893



Brunswick (For Press Enquiries)
Andrew Fenwick
Tel: 020 7404 5959







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