Chairman's AGM Statement

NWF GROUP PLC
30 September 1999


                         NWF Group plc
                         ('NWF Group')
                   (Diversified Industrials)
                               
              PROFITS IN FIRST QUARTER ON TARGET
                               
Roy Willis, the Chairman of NWF Group, speaking at the Annual
General Meeting held today in Cheshire, made the following
comments on current trading:

'I am pleased to be able to confirm that the current year
1999/2000 has begun satisfactorily. After three months, Group
profits are in line with our phased Plan for the year with, at
this stage, every prospect of these trading conditions
continuing.  I would repeat my comment in the last Annual
Report, however, that, as much of the Group's earnings now lie
in the second half year, full-year predictions are difficult
to make on the strength of the first quarter's trading.

'The small acquisition of Malpas Oil, announced earlier this
month, has already been integrated into the NWF Fuels Wardle
depot.  The fourth line in the NWF Agriculture feed mill,
installed this summer, is now operating to expectations.'

For further information contact:

Graham Scott (Chief Executive)               01829 260260
Brian Coleman-Smith / Simon Ellis           0207 786 9600
Binns & Co Public Relations

Note: NWF Group plc is listed on AIM.  It has four businesses:
Agriculture, Distribution, Fuels, Retail.  In the year ended
31 May 1999, it reported pre-exceptional pre-tax profit of
£3.0m (up 38%) on turnover of £99m (up 15%).

Web site:http://www.nwf.co.uk