Notes to the accounts

30 Contingent liabilities

Group companies have given indemnities to the Royal Bank of Scotland in respect of guarantees, negotiations and foreign exchange facilities of which £4.9m (2003: £5.7m) was outstanding at 31 December 2004.

The group has, in the ordinary course of business, provided indemnities to JP Morgan Chase NA in respect of outstanding letters of credit of which £0.9m (2003: £1.1m) was outstanding at 31 December 2004.

The group has, in the ordinary course of business, provided indemnities to ABN AMRO Bank NV in respect of outstanding trade finance facilities of which £5.1m (2003: £nil) was outstanding at 31 December 2004.

Spectris plc has issued guarantees in respect of certain of its subsidiary companies' operations in the normal course of business.

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