AGM Statement

Ten Alps PLC
29 August 2006



                                  Ten Alps Plc

                      AGM Statement and operational update


Ten Alps Plc ('Ten Alps') announces that at its Annual General Meeting (AGM),
held at 11am today, 29th August 2006, all the resolutions were duly passed.

After the resolutions were passed the Company issued the following statements:


Trading


Earlier guidance (made on June 13, 2006) of 50%-plus year-on-year revenue growth
in the six-month financial period to the end of September 2006 remains on
target.


Operational update - Digital migration


The period June to August 2006 has seen internal investment and consolidation
activities, which are gaining pace. Given the nature of the change (going
digital) and its scale (Ten Alps now has 430 staff, more than double the level
of a year ago) a detailed update on the digital project was given at the AGM and
is detailed below.


The developments underway are designed to transform the group into a vertical
player in the TV production market from high-end factual programming to
business-to-business internet TV and specialist media.


The financial year 2006-7 is seeing internet development by Ten Alps on five
fronts, none of which is planned to show significant revenue growth during the
financial year to March 2007, but several of which could offer revenue growth to
the group in the period beyond April 2007.



Teachers' TV



Teachers' TV already has a strong website and 1,200 programmes online.  It is
now increasing the quality of its downloads, increasing the community dimension
of its website, and building video on demand and mobile phone viewing
capabilities.  Ten Alps' wholly-owned subsidiary, Brook Lapping, owns 70% of
EDL, which together with EDML, operates the Teachers' TV channel



The new school year kicks off with a new-look Teachers' TV schedule, with whole
days devoted to primary and secondary school focused programmes, and specialised
hours of programmes for key parts of the audience, including Governors, Heads
and Managers and Beginning Teachers.



Programme highlights include a new strand of comparative documentaries, Lessons
from Abroad, that includes four programmes looking at what it is about Finland's
education system that makes it score so highly in international assessments.
Meanwhile in a new three-part series, Cherie Booth QC advises teachers how to
broach the tricky subject of human rights with children at different key stages.
  The Teaching Challenge series continues, with David Blunkett attempting to
teach an A-level poetry class for the first time in his life.



This Autumn term Teachers' TV will be re-launching its website, creating a
refreshed and updated look with new design across the whole site.  This will be
particularly apparent on the new home page. A new navigation system enables
users to find the videos they are looking for in the library of over 1,200
programmes.



To create a more personal experience the channel will be launching the My
Teachers TV area, where users will be able to bookmark areas, and see recently
viewed pages and programmes.   This could encourage a greater sense of community
and we hope will encourage our users to use the new ability to comment on and
rate the programmes and share their thoughts with their colleagues.



The quality of the downloads available will be improved and new format options
added.  The site will continue to increase its use of video podcasting
delivering programmes right to the user's desktop.   The site will continue to
syndicate its programmes across major websites such as the Guardian and the
Teachernet.



Technically the channel has nearly completed a new technologically advanced
infrastructure that will allow it to deliver via FTP files to the Video On
Demand platforms and make syndication more efficient.  The channel will be
starting an on demand service with Telewest/NTL and is in negotiations with
other platform owners to put channel content out on all digital mediums
including mobile.



Ad sales will be one of the biggest changes for Teachers' TV and it will be
starting an extended pilot in the Autumn.



Specialist media and online development



McMillan-Scott, the publishing group owned by Ten Alps, has over 50 website
development contracts for third parties, and this number is growing.  Meanwhile
the goal is to take the content of the 300 or so titles that McMillan-Scott
produces each year, and simultaneously publish it online, thereby offering the
potential for extra advertising revenue, as well as potentially future-proofing
existing revenues.



A review has been made of the software options and a solution will soon be
selected.   Significant investment will be made during the next few months, and
implementation is expected to take the remainder of 2006 and all 2007.  In 2007
the majority of titles should be online the day they are published.   The 210
sales staff will convert a percentage of their time to online ad sales and
retraining is being planned.  The new sites will be integrated into the Public
TV database (see below).



Meanwhile Ten Alps Digital is in discussions with a number of professional
associations and McMillan-Scott publishing clients about the possibility of
launching advertising-funded, internet-only video sites.



Advertiser revenues have since acquisition been on target for McMillan-Scott's
existing offline business, with growth in events and fee based contract
publishing offsetting industry-wide weaker offline recruitment advertising.



McMillan-Scott has enjoyed a strong last few weeks of new contracts, with the
addition of new clients including The Association Of Optometrists, Emirates
Airlines (staff communication), The BBC Aerial Magazine and the Registered
Nursing Homes Association. In addition the business is rolling out
Sustainability Guides on behalf of its Local Authority Building Control contract
and Trading Guides on behalf of its contract with the British Chamber Of
Commerce. There have been no significant client losses through the period.



The Ten Alps Live and McMillan-Scott events production operations have been
merged, and the combined operations will launch 10 new event initiatives over
the coming twelve months.  There will be further client event developments in
the commercial, not for profit and entertainment sectors.  The principle, which
appears to be already bearing fruit, is that within the 300 highly specialised
titles are considerable, untapped event opportunities.  Events are also proving
to have significant online and TV production opportunities, a recent conference
production for BP being a good case in point.



McMillan-Scott has launched sales campaigns on a range of new owned publications
over recent weeks. These titles are consistent with the company's aim of driving
incremental revenue from niche sectors. Initiatives include two print titles
covering Property Conservation and Underground Construction with four online
titles covering Library Management, Education (IQ), Primary Care and Building
Services (Home And Build). The launch of these initiatives brings the company's
own title portfolio to 26 publications.



Public TV



The Ten Alps-owned Public TV project ( www.public.tv ) remains on track. The
plan is that the system will be built over the next three months, soft-launched
in November, and launched with advertising in Spring 2007.



Public TV aims to be the first Internet TV site to bring together pre-existing
video from across the UK public sector - covering areas such as health,
transport, the environment, and local and central government. Public TV does not
aim to be a video producer or 'channel' itself. It is an aggregator.



A design and detailed navigation plan for the site has been devised. It aims to
be an open access site, allowing for easy and immediate viewing of video
material. The current plan is that the video will play in both Flash and Windows
Media formats.



A detailed specification for the site's content management system was drawn up,
and sent out in July. A preferred technical supplier should be announced in the
next two weeks, with a technical partner contract signed in early September.



Users of the site would be able to search for videos via keywords or through
category lists - and then watch the videos live, download them for later
viewing, add them to a Public TV playlist, or send them to colleagues or
friends.



The Public TV team have carried out a detailed review of the UK public sector
and have identified over 100 public sector websites that have videos.
Discussions have started with these organisations about incorporating their
videos onto the Public TV site. Organisations would be offered a wider audience
for their videos, promotion for their website, and a share in the site's
advertising revenue.



Public TV aims to eventually be funded through a mixture of display advertising,
video sponsorship, search pay per click revenues, links to public sector
bookshops and recruitment sites, and at a later stage, possible pay per view or
subscription revenue from the downloading of premium content. The monetisation
operation should involve a dedicated McMillan-Scott sales team, based in
Manchester.



The site could be marketed through McMillan-Scott's public sector magazines and
websites; through cross-promotional links with other public sector sites;
through a Google AdWords campaign; and through high profile events and
conferences.  A major Public TV Launch event is being considered for early 2007.



Broadcast television production



Ten Alps will aim to produce an update on new broadcast television productions
during the Autumn 2006.



Contact



www.tenalps.com



Alex Connock - Chief Executive - 01625 667515
Nitil Patel - Finance Director - 0207 878 2493



Parkgreen Communications
Paul McManus / Ben Knowles - 020 7493 3713
[e-mail]







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