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Statement re. Press Comment

11th Jan 2008 07:53

VT GROUP PLC11 January 2008 VT notes the speculation in the press this morning regarding the CVFProgramme. Discussions are at a very advanced stage between VT and BAE Systems plc on theformation of the proposed shipbuilding and naval support joint venture on termsin line with those previously announced and the parties await final MoDapproval. A further announcement will be made in due course. For further informtion contact: Paul Lester, Chief Executive 07785 388664Phil Harrison, Finance Director 07810 152663Chris Cundy, Commercial Director 0771 693647 This information is provided by RNS The company news service from the London Stock Exchange

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