AGM Statement

Thorpe(F.W.) PLC
15 November 2007


FW THORPE PLC

15 November 2007

AGM STATEMENT


At the Company's AGM, which is to be held this afternoon at 3:15pm, the Chairman
will be making the following statement:

'Ladies and Gentlemen,

At this point it has now become customary for me to make a short statement about
the Group's trading and prospects for the current financial year.

As can be seen from the last 2 years accounts, in 2005/2006 year the Group made
impairment and other provisions of approximately four hundred thousand pounds
against its investment Sugg Lighting Ltd. This was not the case in the year 2006
/2007 and in fact approximately £100,000 was written back in that year. The
result of this was that of the 20% increase in operating profits posted for the
year 2006/2007, some 12% of the rise could be attributed to these financial
events and not to operational improvements.

That said and coming to the current financial year I can say that in the first
few months of the year, trading has been ahead of our expectations throughout a
major portion of the Group and orders, which normally show a tailing off in the
autumn, are currently higher than we would expect at this time of year.

I can also report that losses suffered in previous years at Sugg Lighting remain
stemmed and that the company has now been operating profitably for a number of
months.

Prospects for this financial year are, therefore, encouraging.'

ENDS



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