RNS Number:8819O
Danka Business Systems PLC
20 August 2003



Embargoed until 1.30pm UK time                                  20 August 2003

                           Danka Business Systems PLC
                                ("the Company")

         Danka Completes Redemption of $47.6 Million, Face Value Senior
                               Subordinated Notes
                                        
Danka Business Systems PLC, a leading independent global supplier of office
imaging systems and services, today announced that it has completed the
redemption of its $47.6 million in principal amount of zero coupon subordinated
notes due 1 April 2004. The notes were redeemed at their par value. The Company
had placed the $47.6 million in escrow in connection with the closing of its
$175,000,000 aggregate principal senior notes offering which was completed on 1
July 2003.

"We are pleased that as part of our successfully completed refinancing, we have
been able to pay back these investors at par value, eight months earlier than
they anticipated," said Mark Wolfinger, Danka's Chief Financial Officer.

The Company will not be required to make principal payments on its other
indebtedness until its $64.5 million face value 10% subordinated notes are due
on 1 April 2008.

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Enquiries:

Danka Business Systems PLC
Paul Dumond, Company Secretary                                   020 7605 0150
Sanjay Sood, Senior VP                                  (USA) 001 727 576 6003

Weber Shandwick Square Mile
Katie Hunt                                                       020 7067 0700

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.






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