AGM Statement

API Group PLC
01 February 2006



1 February 2006

                                 API GROUP PLC

                            CHAIRMAN'S AGM STATEMENT



At today's Annual General Meeting of API Group plc, David Hudd, the Group's Non-
executive Chairman, made the following statement in connection with current
trading:

'In the preliminary announcement in December of the Group's results for the year
ended 30 September 2005, we indicated that trading conditions were expected to
remain tough in most markets during 2006 and this has proven to be the case.

While our US and Chinese foils businesses have performed ahead of our
expectations during the first quarter and the specialised holographic foil
business is on plan, our European foils and laminates business have experienced
more challenging conditions.  Although demand has remained relatively robust,
increased competition has led to pressure on margins, particularly on the
Continent and consequently the operating results for the continuing businesses
for the first half are expected to be below those achieved in the first half
last year.

As in previous years, the outcome for the full year remains dependent upon
performance in the seasonally much busier final quarter.  The prospects for
continuation of the strong performance achieved in the US and Asia-Pacific
regions are good and the Group is responding to the challenges in its key
European markets.  We remain confident that the full year results for 2006 will
represent a considerable improvement over those of 2005.'



                                      Ends

Enquiries:
David Walton                                01625 858700
Chief Executive, API Group plc

Tim Spratt/Caroline Wells
Financial Dynamics                          020 7831 3113





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