Chairman's AGM Statement

Aukett Associates PLC 26 January 2000 AUKETT ASSOCIATES PLC CHAIRMAN'S AGM STATEMENT AND TRADING UPDATE FIRST QUARTER IN LINE WITH EXPECTATIONS At the AGM today of Aukett Associates ('the Group'), one of Europe's leading building design practices, the retiring Chairman, Gerry Deighton, made the following remarks on current trading and prospects: 'Trading across the Group for the first three months of this financial year are in line with expectations and several new commissions have been secured, both in the United Kingdom and across Europe. In particular our 50% owned joint venture in Madrid is beginning to justify our commitment with strong expansion of that business continuing in both Spain and, more recently, Morocco, with the help of several projects in the telecoms sector. Since the balance sheet date, as previously reported, we have purchased the 50% of our Amsterdam operation which we did not already own and the benefits of this investment should be reflected in the Group's results for the current financial year. Further expansion possibilities within Europe are currently under consideration. I am retiring as a director today after 12 years as Chairman and 24 years in the business. My statement in last year's Annual Report dated 29 November 1999 referred to the progress made during the last three years and the future opportunities identified. I have every confidence in Andrew Lett and his team and look forward to the Directors being able to report further progress at the interim stage.' ENDS Enquiries: Andrew Lett/Robert Warner Aukett Associates PLC Tel: 020 7924 4949 Peter Binns/Fiona Bradshaw Binns & Co PR Tel: 020 7786 9600
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