AGM Statement

Hornby PLC
25 July 2006


                            CHAIRMAN'S AGM STATEMENT

Speaking today at the Annual General Meeting of Hornby Plc, the models and
collectibles Group, the Chairman Neil Johnson, will make the following
statement.

' As shareholders will appreciate, we have worked hard to diversify our
operations. We now have a broader geographical spread and we are benefiting from
the encouraging progress being made by our international subsidiaries. In the UK
, we are encouraged by the excellent listings we have achieved; stronger in fact
than last year. Our mix of concessions, large national accounts and wide spread
of independent operators, gives us a broad access to the end consumer.

' In the run up to Christmas we have a number of exciting new product launches,
which we expect to perform well. The reaction among our core UK customer base to
the impending launch of the Hornby Digital Control System has been very
positive. We believe that the Hornby Digital Control System will become the
platform of choice for UK model railway enthusiasts.

' At Scalextric USA, we are pleased that the actions we have taken to improve
the business are paying off. The business is making steady progress and your
Board is confident that it will continue to make a worthwhile contribution to
the overall group performance.

' Traditionally the performance of the Hornby operations has been weighted
towards the second half. This year is proving to be no exception. The retail
environment in the UK market remains challenging, reflecting the impact of the
World Cup and the continued hot weather. Looking ahead, we will need to remain
vigilant to the state of the overall market and consumer spending patterns in
the second half. Nevertheless, this year in particular, given the planned launch
of a number of exciting new products prior to Christmas, we anticipate that the
group's performance will be weighted even more than usual towards the second
half.

' In conclusion, the Board remains confident in the prospects for the full year
and positive about the future for the Group. Our view of the UK market remains
robust, whilst the real drivers of future growth are the rapidly developing
international operations. I look forward to updating shareholders on the
progress that the Group is making, at the time of our half year results in
November.'

                                      -ends-

Date: 25 July 2006

For further information contact:

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