AGM Statement

Trifast PLC
23 August 2001



Issued by Citigate Dewe Rogerson Ltd, Birmingham

Date: Thursday, 23 August 2001

IMMEDIATE RELEASE



                                 Trifast plc

                            Annual General Meeting


At today's Annual General Meeting David Dugdale, Chairman, Trifast plc told
shareholders:


'Sales for the first four months to the end of July remain at around 14% below
the comparable period last year. This is the same level that we reported in
our published accounts for the first two months of this financial year. This
reflects the severe economic downturn in manufacturing being experienced
across the globe in particular from the Information Technology and Telecoms
sectors - however it is important to note that although volumes are down we
have not lost any major customers. This, coupled with the supply chain
benefits accruing from our recent Taiwanese acquisition sustains our
competitive advantage.


'I have already reported that during the first quarter we removed £1m of
annual operating costs. We are now proposing to implement Phase 2 of our
operational cost-out programme which aims to remove a further £2.5m of annual
operating costs, which will allow us to maximise revenues.


'Although performance for the rest of the year remains difficult to predict,
the Group does have a number of significant new business opportunities
currently being negotiated within customer sectors outside IT hardware.


'Despite these challenging times, we remain confident that we are well
positioned to take advantage of the upturn when it eventually comes.'






Enquiries:

Malcolm Diamond, Chief Executive

John Wilson, Group Finance Director

Trifast plc

Tel: [phone]

Web-site: www.trifast.com

Email: [e-mail]


Keith Gabriel

Citigate Dewe Rogerson

Tel: [phone]