AGM Statement

Torex Retail PLC
25 May 2006



25 May 2006



                                Torex Retail Plc
                                 AGM STATEMENT


Torex Retail ('Torex Retail' or 'the Group'), an international market leader in
the provision of innovative retail IT systems, will today hold its Annual
General Meeting. Chris Moore, Chairman and Chief Executive, will make the
following statement on current trading:


The Group has made a good start to the year enjoying sales success in all our
key business areas and geographic markets. In addition to the £30 million of new
contracts that we secured in the first quarter, the Group has continued to win
significant contracts with new and existing customers including McDonald's,
Boots, Liz Claiborne, BT, Tesco, Walmart-Asda and the Dutch Post Office.


Particularly pleasing was a contract with The Picture People, a US portrait
studio chain with over 300 outlets nationwide. This was our first new business
win for our Lucas EPoS product from a US headquartered retailer and was achieved
within a year of the launch of this product into the US market. The system will
start roll out in July and will be a valuable reference site for further sales
progress in the US.


Integration of 2005 acquisitions has continued to plan and we have now agreed
formal employment plans with our employees in Germany. As a result, plans are
now being implemented to reduce the workforce by approximately 150 employees,
with restructuring costs and subsequent annualised savings in line with the
original estimates previously communicated to the Stock Market.


In April we completed the US$55 million acquisition of Savista, which
represented a major strategic step in the development of our Group and its
further penetration of the US market. Torex Retail is now the global EPoS
supplier to McDonalds and a market leader in the Quick Service Restaurant
sector, the fastest growing part of the hospitality market. We see tremendous
opportunities for this business going forward both from increased sales to
McDonalds and new business wins from other international QSR chains and also
through indirect channel sales.


Trading for the first quarter was in line with our budget and the continued
level of order intake gives the Board confidence that the first six months of
2006 will meet expectations. As in previous years, we expect trading activity to
increase in the second six months of 2006.  Based on our current order book and
sales pipeline, we are confident of achieving the full year forecast
expectations currently in the Stock Market.


Chris Moore, Chairman and Chief Executive of Torex Retail, commented:


'I am delighted with the progress we have made this year to date. The continuing
programme of integrating our acquisitions is delivering bottom line savings and
operating efficiencies at the same time as we continue to target top line
growth.


Last year saw us become the leading provider of retail IT systems across Europe
and we believe 2006 will see us make significant steps towards becoming a
leading supplier to the North American market as well as further strengthening
our market position and brand on the global stage.


The continuing delivery of the company strategy is both exciting and represents
further consolidation of delivering shareholder value'.




                                    - ends -



For further information please contact:



Torex Retail
Chris Moore, Chairman and Chief Executive         [phone]



Citigate Dewe Rogerson
Ginny Pulbrook, Executive Director                [phone]
Seb Hoyle, Associate Director                     [phone]




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