AGM Statement

Camellia PLC
08 June 2006


                                  Camellia Plc
                          Chairman's Statement at AGM
                                 8th June 2006


I would now like to take this opportunity of bringing shareholders up to date
with developments in the current year.


Drought conditions in Kenya and lower than expected rainfall in India and
Bangladesh have led to crops being at a reduced level compared to the previous
year. The drought has now broken in Kenya. Prices have been ahead of last year
but remain insufficient to compensate for the lower production. Malawi has
experienced good growing conditions and satisfactory prices.


Prospects for our macadamia operations are reduced on account of lower crops and
a decline in prices as production in Australia returns to normal levels.


Other horticultural crops are performing reasonably except for table grapes in
Chile and South Africa where low crops and prices will produce poor results.


The continued weakness of the American dollar is a cause for concern and
particularly impacts on the export earnings of our operations in Kenya, South
Africa, Brazil and Chile.


Our UK based engineering operations continue to benefit from increased activity
particularly in the oil, gas and aerospace sectors. The proposed development of
our galvanising operation in Great Yarmouth has been deferred due to a delay in
obtaining approval from the local planning authority.


The cold storage division is still suffering from over capacity in its market
place but some further progress has been made in controlling costs.


Duncan Lawrie has started the year well and further development opportunities
for the bank continue to be examined.


I am as usual unable to give an indication of the likely results for the first
half of this year.


Further enquiries please contact Camellia Plc
Malcolm Perkins
Tel: [phone]



                      This information is provided by RNS
            The company news service from the London Stock Exchange
         VLFBQQBFBBZ