Share Price 48.00p +1.50

Financial Summary

The tables below set out summary financial information for Sepura prepared under IFRS for the periods indicated.

Summary Income Statement

Year ended 31 March	2009	2008	2007	2006	2005
	£'000	£'000	£'000	£'000	£'000
Revenue	74,100	68,105	51,987	45,386	35,099
Cost of sales	(35,214)	(32,193)	(23,276)	(21,851)	(19,908)
Gross profit	38,886	35,912	28,711	23,535	15,191
Net operating expenses	(28,381)	(23,379)	(21,134)	(16,272)	(10,551)
Operating profit	10,505	12,533	7,577	7,263	4,640
Net financial (expense)/income	(505)	(546)	(307)	201	59
Profit before tax	10,000	11,987	7,270	7,464	4,699
Income tax expense	(1,269)	(3,319)	(1,304)	(1,673)	(823)
Profit for the period	8,731	8,668	5,966	5,791	3,876
EBITDA	19,491	18,430	12,025	10,419	6,285

Summary Balance Sheet

Year ended 31 March	2009	2008	2007	2006	2005
	£'000	£'000	£'000	£'000	£'000
Total non current assets	29,366	26,628	17,116	11,102	8,208
Total current assets	47,381	40,256	34,632	23,074	14,290
Total assets	76,747	66,884	51,748	34,176	22,498
Total current liabilities	27,349	22,940	19,091	15,397	9,708
Total non current liabilities	13,569	15,356	19,408	3,373	2,078
Net assets	35,829	28,588	13,249	15,406	10,712
Total shareholders' equity	35,829	28,588	13,249	15,406	10,712

Summary Cash Flow Statement

Year ended 31 March	2009	2008	2007	2006	2005
	£'000	£'000	£'000	£'000	£'000
Net cash from operating activities	19,343	23,439	7,679	6,503	6,924
Net cash (used in) investing activities	(13,417)	(13,434)	(8,567)	(5,261)	(4,659)
Net cash (used in)/from financing activities	(5,752)	(3,013)	4,335	(1,423)	(1,027)
Net increase/(decrease) in cash and cash equivalents	174	6,992	3,447	(181)	1,238