AGM Statement

Topps Tiles PLC
11 January 2005



TOPPS TILES PLC
the UK's largest tile and wood flooring specialist with 227 stores

Co-Chairmen's AGM Statement and Trading Update

At today's Annual General Meeting of Topps Tiles Plc, the founders and 
co-chairmen Barry Bester and Stuart Williams will tell shareholders:

'We are delighted to report that trading for the first 14 weeks of the new 
financial period has continued strongly. Overall turnover has increased by over 
24% with like-for-like sales growth in excess of 15%.  Our core stores, 
comprising those that were opened prior to September 2002, have also maintained 
a healthy like-for-like growth of over 13%, which is a good indicator of the 
continued growth in the market.  However, given the strong comparative growth in 
the prior period, sustaining current high levels of like-for-like sales growth 
over the entire financial period could prove to be challenging.

As part of our UK expansion with a target of 350 stores we have planned a net 
new store roll out for this financial period of 24 stores, which will bring us 
to 244 UK stores by September 2005.   So far we have opened 7 stores and have 
a strong pipeline of sites for the remainder of the financial period.

With the business enjoying a market leading position in the UK and the
underlying market for tiles set to grow 26% over the next four years (source:
MSI), we remain confident of delivering another period of growth and progress.

Board Changes

Stuart Williams will step down as a Board Director & Co-Chairman of the company
with effect from 31st March 2005 and will assume the newly created position of
President. Barry Bester will continue his role as Executive Chairman.

This change will enable Stuart to devote more time to his work for 'The Williams
Charitable Trust' and his other personal business interests whilst still
retaining his counsel regarding the development of the business, in which he
remains a significant shareholder.

Enquiries:

Barry Bester, Co-Chairman                                     01625 446700
Nick Ounstead, Chief Executive                                01625 446700

Ann-marie Wilkinson/Sarah Landgrebe, Bell Pottinger           0207 861 3932




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