AGM Statement

D.F.S. Furniture Company PLC
4 December 2001

                                                               4 December 2001



                          DFS FURNITURE COMPANY plc

                         CHAIRMAN'S A.G.M. STATEMENT



At the Annual General Meeting held in Doncaster today, Executive Chairman
Graham Kirkham said:


'I am pleased to report that DFS has continued to make good progress in the
first 18 weeks of our financial year.  In a highly competitive marketplace, we
have achieved sales and margins in line with our budgets, with like-for-like
order intake up 3% - maintaining the growth rate we reported in our
preliminary announcement on 11 October.  Our expansion programme is moving
ahead in line with our objectives too and, following the successful launch of
our Basildon store in the first week of this financial year, two further
stores open this weekend in Taunton and Belfast.



One key component of the DFS concept is our manufacturing capability.  To
ensure that we have capacity to keep pace with our retail expansion, we have
recently acquired the long leasehold of a 120,000 sq ft factory/warehouse unit
on the outskirts of Doncaster.  We intend progressively to transfer production
to this new unit from our existing Adwick-le-Street factory just three miles
away.  This will create greater efficiencies, the opportunity to double the
Adwick-le-Street production capacity and, over time, will create up to 250 new
jobs.



As I wrote in the annual report, all key indicators remain favourable despite
the troubled international climate.  I take considerable comfort from that,
from our on-target performance to date, and from the growing strengths of DFS,
including our rock-solid balance sheet, significant freehold store base and
consistently strong operating cash flow.  With more new stores than ever in
the pipeline, I remain confident in our prospects as we steadily increase our
dominance in all parts of the United Kingdom.'



Enquiries:



DFS Furniture Company plc                              Hudson Sandler
Graham Kirkham, Executive Chairman                     Keith Hann
Jon Massey, Chief Operating Officer                    Noemie de Andia
Ian Bowness, Finance Director                          Tel: [phone]
Tel:  [phone]