AGM Statement

NWF Group PLC
27 September 2001


                                  NWF Group plc

                Annual General Meeting, Thursday 27 September 2001


                         Chairman's Trading Statement


I am pleased to be able to inform shareholders that the Group's First Quarter
results are in line with our internal plans for the period. Once again, I
would remind shareholders of my Annual Report comment that our first half
trading is only a partial indicator of full-year prospects as the seasonality
of the Group is heavily biased towards the second half.


Overall, I am confident that we can look forward to another good year.


I would like to take this opportunity to acquaint shareholders with the fact
that Michael Cookson, Company Secretary and a member of your Board, will reach
his retirement age in March 2002. Michael's unflagging energy and
effectiveness in over twenty years will be missed by us all. We are fortunate
in having his successor already in house: Linda Walker, currently Financial
Director of Boughey Distribution Ltd, will be appointed Company Secretary of
the Group in the first quarter of 2002.


Looking even further ahead, Tony Stanton will reach his retirement age as a
Non-Executive Director in November 2002 and we have initiated a process of
recruiting a new NED who should join the Board before the end of 2001 to
ensure an orderly succession. We will have our chance to say our farewells to
Tony in a year's time but we can say already that we have greatly benefitted
from his experience, particularly in distribution.


Formal announcements of these changes will be sent to the Stock Exchange at
the appropriate time.


J Roy Willis
Chairman