AGM Statement

Try Group PLC
16 May 2000


TRY GROUP PLC
A.G.M. STATEMENT


At the Annual General Meeting of Try Group PLC held 16th May 2000, the
Chairman, Mr Hugh Try, said:

'I was delighted to be able to announce two months ago that 1999 had been a
record year with the Group posting its highest ever profits.  This achievement
has come about from our twin strategies of extending the range of construction
services we offer and expanding our housebuilding division, Try Homes, in the
buoyant South East market.

Our investment in repositioning our Construction Services operation moves us
further away from the competitive tendering market and into longer term
relationships with clients who require a broad range of services where both
client and provider reap the benefits.  Our order book stands at over £120m.
and we have maintained the proportion secured on value criteria at over 70%. 
Last week, we were delighted that Try Construction achieved registration with
the Design Build Foundation.  One of only five companies to achieve this
accreditation, which is expected to become a prerequisite to working for the
blue chip clients, the award both strengthens our current position and will
enable us to generate even more opportunities as one of the few preferred
service providers to this market.  

Try Interiors, our specialist interior fit-out business launched in 1999, last
month completed its first multi million pound project, the fit out of The
Grosvenor Estate's new head office in Mayfair.  Try Interiors has recently
embarked on a £10m project for the Royal College of Nursing and is negotiating
several other promising opportunities.

The number of term maintenance contracts undertaken by Try Accord, which
provides infrastructure and maintenance services, continues to increase. 
Within the last month it has secured a contract for a number of the West
London Barracks owned by the Ministry of Defence and has built upon its
long-term relationships with Police authorities to add Essex Police and the
National Training College at Bramshill to its portfolio.  

Try Homes has benefited from the strength of the South East housing market in
the early part of 2000.  The early part of the year saw significant increases
in selling prices and the value of sales in hand for the first four months
represented 45% of the expected total for the year, which is encouraging. 
However, there are now signs in the market of a return to more normal
conditions, which we welcome.  We are confident that our concentration on high
specification, well designed developments in the South East of England will
enable us to continue to make the most of the market conditions.

We are delighted to announce the acquisition of the former Oakwood Hospital at
Maidstone, an attractive listed stone building which we are to convert into 68
apartments.  This is another example of the opportunities that our credentials
as a market leader in innovative conversions of brownfield sites has generated
which last year accounted for 80% of our production.  It brings to 111 the
number of plots contracted since the start of the year, all of which are on
brownfield land.  We have proved the profit generating ability of our homes
business, and the board plans to invest further in developing Try Homes'
presence in London and the South East.

The first quarter of 2000 has been promising and the board are confident that
the results for the year will be ahead of its expectations.'

Hugh Try
16th May 2000