AGM Statement

Hornby PLC
26 July 2007


               AGM TRADING UPDATE AND INTERIM MANAGEMENT STATEMENT

Speaking today at the Annual General Meeting of Hornby Plc, the international
models and collectibles Group, the Chairman Neil Johnson, will provide the
following trading update and first interim management statement.

' I am delighted to report to shareholders that we have made a solid start to
the new financial year. Our UK and international subsidiaries are making good
progress. Sales via our network of concessions and to our retail customers have
been strong. Looking forward as we approach the run up to Christmas, our order
intake across the Group has been growing significantly compared to prior year,
on a like for like basis. Additionally, order intake for the Airfix and Humbrol
brands, acquired in November 2006, has been very encouraging.

' Our recent strategy has been to diversify and strengthen the Group's revenue
streams. We have completed a number of acquisitions of established hobby brands
that have extended our subsidiaries into new international markets. After a
period of investment to re-organise and re-launch our European operations, we
are particularly pleased that our international businesses are now starting to
make a significant contribution to the overall Group performance.

' Our model railway operations are performing well across all territories in
which we operate. The impact of our new Digital Control System remains the
driver of growth in the UK market, as consumers switch to the new system. In the
main European markets, the re-launch of our brands has been achieved
successfully. Later this year, we will commence deliveries of the first new
products, developed specifically for Germany, Italy and France. These are the
largest continental European markets for model railway products. We are
confident that when the markets review these flagship products, consumers will
recognise the significant improvements that we are able to deliver by combining
European product development and engineering skills, with high quality
manufacturing ability in China.

' In our slot car racing business, we have secured the licence with the McLaren
Formula 1 team to use the images of both Fernando Alonso and Lewis Hamilton on a
range of sets and cars. Given the worldwide popularity of both drivers we expect
these product lines to become best sellers.

' We have also secured the worldwide license for a range of slot car racing
products based on the new Transformers movie. We have launched the Transformers
Slot car racing set in the UK, USA and European markets. Early market reaction
to this particular license has been excellent.

' The acquisition of the Airfix and Humbrol brands has been completed and the
business has bedded down well. The retail community has been extremely
supportive of our efforts to re-launch the product lines. Consequently, new
order levels from all channels of distribution have been excellent. We have
worked hard to re-invigorate the pipeline of new products and we are delighted
to have negotiated a licence with BBC Worldwide for a range of Airfix models
based on the Dr. Who series. The first product, which will be launched in time
for Christmas 2007, will feature the Tardis, together with figurines of the
Doctor and his assistant.

' In conclusion, all of our subsidiaries continue to offer significant potential
for growth. Forward orders are much stronger than the equivalent position last
year. With a strong pipeline of new product launches, we are very well placed to
continue to drive both sales and profit growth.'

                                     -ends-

Date: 26 July 2007

For further information contact:

Hornby Plc                                cityPROFILE
Frank Martin, Chief Executive             Simon Courtenay
John Stansfield, Finance Director         William Attwell
01843-233500                              020-7448-3244
Web: www.hornby.com




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