AGM Statement

Mears Group PLC
01 June 2005


MEARS GROUP PLC

1 June 2005

AGM STATEMENT

At the company's Annual General Meeting to be held at 12.30 p.m. today, Bob
Holt, Chairman, will issue the following statement:

'I am pleased to report a strong 4 months performance and continuing buoyant
trading conditions. Present indications are that we are at the top end of
current market expectations.

Recent tender successes include Nottingham City Council where we have secured
preferred partner status on £50 million of work to deliver part of their Decent
Homes Standard programme over a 5 year period. We have also been selected by
Wakefield and District Housing as one of 3 partners who will undertake £420
million of work over 5 years. The size of the bid pipeline for contract tenders
remains extremely healthy. We are currently working on bids worth £700 million.
Our current order book stands at in excess of £900 million.

We continue to generate cash from our operations and whilst the sector reports
margin pressure, we are experiencing improved margins from operating
efficiencies.

We have maintained our commitment to strengthening the management of Mears with
senior appointments in business development, marketing, HR and IT. This
investment will underpin the continued growth we foresee in our sector.

I am also delighted to announce that Stuart Black, who joined the Board last
November as Chief Operating Officer, has agreed to take on the role of Chief
Executive. During the last six months Stuart has made a significant contribution
to the Group and I feel very comfortable in handing over this office to him. I
am remaining as Executive Chairman and will be devoting more time to strategy
and forward planning to position the Group for continuing successful
development.'

Bob Holt
Chairman

Press Contacts:

Bob Holt (Chairman)              Tel: [phone]
Stuart J Black (CEO)             Tel: [phone]
David J Robertson (FD)           Tel: [phone]
Trevor Bass/Alex White (WSSM)    Tel: [phone]

NOTES TO EDITOR:

•  Mears Group PLC is the leading provider of a range of services to social
   landlords.
•  The services provided include response maintenance, void refurbishment,
   planned preventative maintenance, improvements to meet the 'Decent Homes
   Standard' and estate management.
•  Profits have shown an annual compound growth rate of 43% since Mears was
   listed on the Alternative Investment Market (AIM) in October 1996. The Group
   was awarded the AIM Company of the year award in 2003.
•  The Mears mission is to be the market leader in transforming the social
   housing environment, improving homes, improving neighbourhoods and improving
   lives.

Further information is available on our website www.mearsgroup.co.uk





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