AGM Statement

Forbidden Technologies PLC
18 June 2003


                           FORBIDDEN TECHNOLOGIES PLC

                                 AGM STATEMENT


At today's AGM, Vic Steel, Chairman of Forbidden Technologies plc, made the
following comments:

Since the results of 29th April the company has continued to make progress.

We have now begun to ship and install beta test compression systems to our
partners so that they can achieve scaleable output for their customers. One such
system is being installed at BT Broadcast Services for mobile phone video
promotion and another two will be installed at Cantos to service customers in
corporate communications.

A training course in compression for partners has been developed and training
has been implemented for our Siteseer partner in Japan and for the Siteseer UK
business. In the UK Siteseer will focus on developing individual celebrities and
personalities to use Forbidden technology on their own websites for personal
promotion.

I would like to emphasise the importance and prominence that our website (http//
www.forbidden.co.uk/) has achieved as a dynamic shop window for our company and
its products. Its constantly updated news pages and well maintained variety of
product demonstrations makes it a significant attraction to anyone interested in
video compression. In the past six months it has had nearly 600,000 hits, and
has helped us to increase our global mindshare and to move up the ratings list
of popular search engines. In the last month we have had 120,000 hits, up over
four times from the same period last year.

On the technology development front we continue to make excellent strides ahead
of others. We now have a data rate sensing feature which enables automatic
selection of our videos as broadband or narrowband versions appropriate to each
receiver. With broadband users now up above the one million mark in the UK this
is a potentially very valuable tool. We now have an excellent product range that
can be customised to individual needs and can cater for narrowband, midband or
broadband requirements.

Good progress has been made along our development programme for achieving live
compression, which we are now demonstrating.

We have now developed a good range of products and features, we are increasingly
seen as serious players in video compression and are getting increasing '
traction' with companies who are potentially big users of our technology.

We will continue to be conservative with cash so that we are known to be a
long-term participant in a major world market as it grows.

                                                                    18 June 2003

ENQUIRIES:

College Hill                                                  Tel: [phone]
Nicholas Nelson

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