RNS Number:1759M
Danka Business Systems PLC
10 June 2003


For immediate release                                              10 June 2003


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

                                   STATEMENT RE FORM 8K
                                           &
                                        OUTLOOK


Danka Business Systems PLC, a leading independent global supplier of office
imaging systems and services, today filed a Current Report on Form 8-K with the
United States Securities and Exchange Commission which contained the following
comments on the Group's outlook:


"For the year ending 31 March 2004, barring the adverse impact of the
realisation of any business risks including, but not limited to, those
identified in our public filings with the United States Securities and Exchange
Commission, we expect to reduce the decline in total revenue experienced over
the past several years and currently expect the year ending 31 March 2004
revenue to approach that of the year ended 31 March 2003.  We also expect EBITDA
in the year ending 31 March 2004 to be in a range that is substantially in line
with the year ended 31 March 2003 EBITDA.  We expect EBITDA in the first half of
the year ending 31 March 2004 to be lower than that for the comparable period in
the year ended 31 March 2003, due in part to (a) foreign exchange benefits and
(b) larger than normal equipment lease and residual payments from a diminishing
external lease funding program received in the first half of the year ended 31
March 2003.  We expect our results to be stronger in the second half of the year
ending 31 March 2004 due to the realisation of cost saving benefits from our
Oracle ERP system in the United States and improved service and supply revenues
resulting from the increased mix of digital equipment in our machines in field."


"EBITDA is computed as earnings from continuing operations before income taxes,
interest expense, depreciation and amortisation."


"Although EBITDA represents a non-GAAP financial measure, we consider this
measure to be a key operating metric of our business.  We use this measure in
our planning and budgeting processes, to monitor and evaluate our financial and
operating results and to measure performance of our separate divisions.


We also believe that EBITDA is useful to investors because it provides an
analysis of financial and operating results using the same measure that we use
in evaluating the company.  We expect that such measure provides investors with
the means to evaluate our financial and operating results against other
companies within our industry.  In addition, we believe that this measure is
meaningful to investors in evaluating our ability to meet our future debt
service requirements, to fund our capital expenditures and to meet our working
capital requirements.  Our calculation of EBITDA may not be consistent with the
calculation of this measure by other companies in our industry.  EBITDA is not a
measurement of financial performance under GAAP and should not be considered as
an alternative to operating income (loss) as an indicator of our operating
performance or any other measures of performance derived in accordance with
GAAP."


                                     -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 high volume 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 operations; (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.


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END

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