AGM Statement

Millfield Group PLC
20 September 2001




Date:     20 September 2001

On behalf of:     Millfield Group plc ('Millfield')

Embargoed until:     1100hrs


MILLFIELD AGM STATEMENT


Millfield Group plc ('Millfield'), the AIM-listed national independent
financial advisory company, today held its inaugural Annual General Meeting.
The Chairman, Richard Mansell-Jones, gave shareholders details of the
Company's current performance:


'Current trading, based on our Management Accounts to 31st August, continues
to be in line with our Business Plan and turnover is well in excess of that
for the comparable period of last year. Productivity per independent financial
adviser is increasing and this is, of course, a key indicator of success in
our industry.'

Enquiries to:


Emma Kane, Chief Executive     Tel: [phone]

Redleaf Communications Ltd     Mob: [phone]




Notes to Editors:


About Millfield


  * Millfield was founded in March 1998 and is one of the fastest growing
    independent financial advisory companies in the UK.

  * Millfield Group plc floated on the Alternative Investment Market ('AIM')
    of the London Stock Exchange on 1 March 2001 raising £16.6m net of
    expenses.

  * Millfield was recently placed Second in the IFA Professional Development
    Award and Third in the Best Corporate IFA in the Money Marketing Financial
    Services Awards 2001. A Millfield Adviser also won Sales Professional of
    the Year, Financial Services in the National Sales Awards - the second
    year in a row that a Millfield Adviser has won this award.

  * Further information is available on the Millfield's website:
    www.millfield-partnership.co.uk


                                     ENDS