AGM Statement

Centaur Holdings PLC
25 November 2004


                                                                25 November 2004

                              Centaur Holdings plc
                        AGM Statement and Trading Update

At Centaur's Annual General Meeting, held today, Chairman Graham Sherren gave
shareholders the following update on trading:

'I am pleased to report that revenues have continued to grow strongly in the new
financial year. Total revenues in the four months to 31st October 2004 were 13%
ahead of the same period last year. This growth has been driven principally by a
continuation in the recovery in advertising that commenced towards the end of
2003 and by the impact of new products.

Recruitment advertising has continued to show healthy improvement over last
year, with revenues up by 20% in the four month period. Display advertising
revenues in the same period have increased by 11% year on year. In both cases,
the growth is mainly volume driven. Revenues from exhibitions and conferences
have also grown 28% in the same period, thanks partly to the successful launch
of two new shows in September 2004 - Total Motivation and Business Travel
Dusseldorf.

EBITDA in the period was also significantly ahead of last year, despite the
impact of continued investment in new products, and EBITDA margins improved
strongly year on year as planned.

Apart from the two new shows referred to above, the two most significant areas
of new product development in the period were our new equity research tool,
Perfect Analysis, and our new weekly magazine, Finance Week, the first news
weekly for Finance Directors and their teams. Perfect Analysis was re-launched
in June 2004. We have already succeeded in securing some new subscribers and
have built a healthy pipeline of prospective clients, with whom trials are
underway or planned. Finance Week has now published its first three issues and
we are pleased with its success to date.

Regarding our move to the Official List, initial applications have been made to
the UK Listing Authority and we remain on track to make this move in December
2004.

Overall, despite the fact that the first half of our financial year is
traditionally considerably weaker than the second half, we have had a very
satisfactory start to the new financial year and the outlook for the year ahead
remains promising, in line with our expectations.'

All the resolutions tabled at the meeting were passed.

Enquiries:

Gavin Anderson & Company Tel: [phone]
Laura Hickman/Janine Brewis


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