AGM Statement

Pittards PLC
05 May 2005

                                  Pittards plc

                        Statement to be made at the AGM

Before embarking upon the formal business of this annual meeting, I would like
to give shareholders an update on how we are performing in the current year.


In my statement in the Annual Report and Accounts, I commented that although the
international market for leather is not expected to recover much before the
second quarter, we have entered 2005 with a cost base more in line with the
current depressed level of demand.


We have attended two of the major international leather fairs in the last month
or so - one in Hong Kong, the other in Bologna, Italy.  Both fairs were quieter
than last year and there was little evidence to suggest that a recovery is
underway in the international market for leather.  However, our exhibition
stands were noticeably busier than the average and our new ranges were very well
received.


Although the Group has traded unprofitably in the first quarter, the scale of
loss is substantially less than in the equivalent period of 2004. Both Divisions
have made improvements in monthly performance in each month so far this year,
and customer orders have risen to their highest level since January 2003 in
Yeovil, and since early 2004 in Leeds.  We expect to be profitable in the second
quarter, but not sufficiently so to cover the loss incurred in the first three
months of the year.


S D Boyd
Chairman


5 May 2005




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