RNS Number:1682M
Danka Business Systems PLC
10 June 2003





Embargoed until 5:01pm UK time                                      10 June 2003



                            DANKA BUSINESS SYSTEMS PLC
                    ("DANKA", "THE GROUP" OR "THE COMPANY")

                      DANKA ANNOUNCES SENIOR NOTE OFFERING

Danka Business Systems PLC, a leading independent global provider of office
imaging systems and services, today announced that it is proposing to offer $175
million of senior notes due 2010.

Danka proposes to use the net proceeds of the offering to repay outstanding
indebtedness under Danka's existing bank credit facility, to redeem its zero
coupon senior subordinated notes due 2004 and for general corporate purposes.
This press release does not constitute a notice of redemption of Danka's zero
coupon senior subordinated notes due 2004.

The offering would be made solely by means of a private placement either to
qualified institutional buyers pursuant to Rule 144A under the Securities Act of
1933, as amended, or to certain persons in offshore transactions pursuant to
Regulation S under the Securities Act. The senior notes to be offered would not
be registered under the Securities Act and may not be offered or sold in the
United States absent registration or an applicable exemption from registration
requirements under the Securities Act.

                                     -ends-


Enquiries:

Danka Business Systems PLC                                       020 7605 0150
Paul Dumond, Company Secretary

Weber Shandwick Square Mile                                      020 7067 0700
Katie Hunt


About Danka

Danka delivers value to clients worldwide by using its expert technical and
professional services to implement effective document information solutions. As
one of the largest independent providers of office imaging equipment, document
solutions and related services and supplies Danka enables choice, convenience
and continuity. Danka's vision is to empower customers to benefit fully from the
convergence of image and document technologies in a connected environment. This
approach should strengthen the company's client relationships and expand its
strategic value.



Forward-Looking Statements: Certain statements contained in this press release,
or otherwise made by our officers, including statements related to our future
performance and our outlook for our businesses and respective markets,
projections, statements of our plans or objectives, forecasts of market trends
and other matters, are forward-looking statements, and contain information
relating to us that is based on our beliefs as well as assumptions, made by, and
information currently available to, our management. The words "goal",
"anticipate", "expect", "believe" and similar expressions as they relate to us
are intended to identify forward-looking statements, although not all forward
looking statements contain such identifying words. No assurance can be given
that the results in any forward-looking statement will be achieved. For the
forward-looking statements, we claim the protection of the safe harbor for
forward-looking statements provided for in the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. Such statements reflect our current views
with respect to future events and are subject to certain risks, uncertainties
and assumptions that could cause actual results to differ materially from those
reflected in the forward-looking statements. Factors that might cause actual
results to differ materially from those reflected in any forward-looking
statements include, but are not limited to, the following: (i) any inability to
successfully implement our strategy; (ii) any inability to comply with the
financial or other covenants in our debt instruments; (iii) any material adverse
change in financial markets, the economy or in our financial position; (iv)
increased competition in our industry and the discounting of products by our
competitors; (v) new competition as the result of evolving technology; (vi) any
inability by us to procure, or any inability by us to continue to gain access to
and successfully distribute, new products, including digital products, color
products, multifunction products and highvolume copiers, or to continue to bring
current products to the marketplace at competitive costs and prices; (vii) any
inability to arrange financing for our customers' purchases of equipment from
us; (viii) any inability to successfully enhance and unify our management
information systems; (ix) any inability to record and process key data due to
ineffective implementation of business processes and policies; (x) any negative
impact from the loss of a key vendor or customer; (xi) any negative impact from
the loss of any our senior management or key personnel; (xii) any change in
economic conditions in domestic or international markets where we operate or
have material investments which may affect demand for our products or services;
(xiii) any negative impact from the international scope of our oerations; (xiv)
fluctuations in foreign currencies; (xv) any inability to achieve or maintain
cost savings; (xvi) any incurrence of tax liabilities beyond our current
expectations, which could adversely affect our liquidity; (xvii) any delayed or
lost sales and other impacts related to the commercial and economic disruption
caused by past or future terrorist attacks, the related war on terrorism, the
fear of additional terrorist attacks or any outbreak of the severe acute
respiratory syndrome; and (xviii) other risks including those risks identified
in any of our filings with the Securities and Exchange Commission. Readers are
cautioned not to place undue reliance on these forward-looking statements, which
reflect our analysis only as of the date they are made. Except as required by
applicable law, we undertake no obligation, and do not intend, to update these
forward-looking statements to reflect events or circumstances that arise after
the date they are made. Furthermore, as a matter of policy, we do not generally
make any specific projections as to future earnings nor do we endorse any
projections regarding future performance which may be made by others outside our
company.

Danka is a registered trademark and Danka @ the Desktop is a trademark of Danka
Business Systems PLC.









                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
IOEILFIDREIILIV