RNS Number:9818P
Galileo Innovation PLC
19 September 2003


GALILEO INNOVATION PLC

Further to its announcements earlier this year, the Directors announce:

1. The approach made to acquire the entire issued share capital of the Company
was withdrawn.

2. The Company has, on 15 September 2003, received approximately #400,000 for
it's investment in Sensesonic Limited following the sale of various assets of
that company by it's administrative receiver. This investment in Sensesonic
Limited represented the Company's last remaining asset.

3. All possible efforts are being made to finalise the Company's outstanding
accounts and interim results before 30 September 2003.

19 September 2003



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