AGM Statement

Lawrence PLC
17 October 2002

                          Lawrence plc ('the Company')

                        Result of Annual General Meeting

At the Company's Annual General Meeting held on 17 October 2002, all resolutions
proposed were duly passed including the passing of a resolution supporting the 1
for 2 bonus issue of new ordinary shares and the change in nominal value from
10p to 5p. The effect of this is to triple the number of ordinary shares in
issue.

Application has therefore been made to the London Stock Exchange for the
admission of all 25,703,970 ordinary shares of 5p each of Lawrence plc, being
the entire issued share capital, to be admitted to trading on the Alternative
Investment Market ('AIM') on Friday 18 October 2002.

A final dividend of 10.75p (net) per ordinary 10p share will be paid on 1
November 2002 to shareholders on the register on 13 September 2002 in respect of
their holding at that date.



For further enquiries, please contact:

Peter Lawrence
Lawrence plc
020 8336 2900

Philip Davies
Charles Stanley and Co. Ltd.
020 7739 8200



                      This information is provided by RNS
            The company news service from the London Stock Exchange