AGM Statement

RNS Number : 3229V

3i Group PLC

08 July 2009

3i Group PLC AGM Statement

8 July 2009

General Meeting - 8 July 2009

At the Annual General Meeting of 3i Group plc at 11am this morning, Baroness Hogg, Chairman, will comment that: 'A diversified portfolio and presence in several key regions of the world should work to 3i's advantage, and our objective is to ensure that 3i is well placed to take advantage of investment opportunities as they emerge.'

In the Company's Interim Management Statement relating to the three month period from
1 April 2009 to 30 June 2009, which was released earlier this morning, Chief Executive Michael Queen said that:

'Our focus in the first quarter was on strengthening the balance sheet. A substantial increase in liquidity and the reduction in net debt provide further resilience in, what remains, a fragile environment. We have also significantly enhanced our ability to take full advantage of improved conditions as they emerge.'

He added:

'Given our view of the general economic outlook we will continue to take a cautious approach to new investment, maintain our focus on the portfolio and ensure that we build upon our strong positions in the mid-market buyout, growth capital and infrastructure markets.'

Additionally, 3i announced the addition of two non-executive directors to its board. John Allan and Alistair Cox will join 3i's board effective 1 September 2009 and 1 October 2009 respectively.

Ends

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