AGM Statement

AssetCo PLC
31 July 2007


Immediate Release                                                   31 July 2007





                    AssetCo plc ('AssetCo' or the 'Company')

                        Annual General Meeting Statement


AssetCo plc, (AIM : ASTO) a leading support services group to the UK Fire and
Rescue Authorities, wishes to update the market on current trading and prospects
ahead of its Annual General Meeting which will be held at 11.30am today.


Updating shareholders on current trading, Tim Wightman, Chairman of AssetCo,
said:


'This is the first AGM of the Company since AssetCo joined AIM via the reverse
takeover of AssetCo Group Limited by Asfare Group plc in March 2007. As stated
at the time of our results in late June trading in quarter one was ahead of the
Board's expectations. In the Emergency Services Division the current bid
pipeline currently has a potential life value of c. £600m over 20 years with 8
FRAs in advanced stage of evaluation for outsourcing. The Emergency Equipment
Division continues to benefit from the opportunities created by the takeover.


'In-line with our strategic plan, we are continuing to investigate a number of
opportunities to grow the business further and build upon our leading position
within our markets not only organically, but also by means of acquisitions,
which would enable us to further broaden and strengthen our client base.


'The Board looks forward to the remainder of the year with confidence.'



For further information please contact:

John Shannon: Chief Executive Officer
AssetCo Plc                               020 85153999

Tim Anderson / Isabel Podda
Buchanan Communications                   020 7466 5000







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