AGM Statement

Torex Retail PLC
28 April 2005



                                Torex Retail Plc

                                 AGM Statement



Torex Retail Plc ('Torex Retail' or 'the Group'), the UK's market leader in
retail IT solutions, will today hold its inaugural Annual General Meeting.  Rob
Loosemore, Chairman, will comment on current trading as follows:



'Torex Retail performed strongly in 2004 and the momentum developed during last
year has been carried forward into 2005.  We are pleased to report that trading
to date is in line with our expectations and, with buoyant market conditions and
a high level of revenue visibility, the Board remain confident of both our full
year forecasts and the future growth prospects for the Group.



In addition, we are delighted with the progress made by the Alphameric Retail
Division (ARD), which was acquired in November 2004, and which continues to
trade in line with our expectations.  This reflects new business wins (Ann
Taylor and Littlewoods) for our Smartdecision merchandise planning product,
coupled with decisive action taken to reduce the cost base.  The division is now
fully integrated into the Torex Retail business.'



Other highlights include:



•     First installations of Lucas into the UK:  Following the successful launch 
      in the UK of Lucas, our market leading Java EPOS solution, installations 
      have already been completed with Esprit, Deichmann shoe stores and a major 
      regional department store.  Further announcements are expected shortly.



•     Cross selling of Lucas is ahead of schedule.  The very strong demand for 
      Lucas from the former ARD customer base has resulted in a number of early 
      contract wins, including JD Sports with installations into their 68 UK
      stores planned for the next quarter.  In addition, Lucas has already been
      installed in Reiss' flagship New York store and Nora O'Connell stores in
      Ireland.



Chris Moore, Chief Executive, comments:

'I am delighted with the start we have made to the year.  Most encouraging has
been the new contract wins for Lucas, in particular, the deal with JD Sports in
the face of stiff competition. This win, together with the UK Lucas sales, will
provide valuable reference sites from which to leverage Lucas further into the
UK market.  The outlook for the full year remains very positive.'



It is expected that the Group's interim results for the six months ending 30
June, 2005 will be announced in mid September 2005.



Enquiries:

Torex Retail                                     0870 050 9900

Rob Loosemoore, Chairman / Richard Thompson, FD



Citigate Dewe Rogerson                           020 7638 9571

Ginny Pulbrook / Sebastian Hoyle / Lucie Holloway



                      This information is provided by RNS
            The company news service from the London Stock Exchange