AGM Statement

James Halstead PLC
1 December 2000




                                                             1 December 2000

                                JAMES HALSTEAD PLC

                    AGM STATEMENT BY THE CHAIRMAN, MR VINCENT CLARE

We are now five months into the current financial year and I am again pleased
to report modest growth in profits and sales.

At our floor coverings businesses, which represent 80 percent of the group,
there has been growth in profits despite adverse exchange rates on European
turnover and continuing adverse raw material prices.  Germany is faring
particularly well.

Turning to the other businesses, Phoenix has had pressure on margins, almost
wholly the effect of the strong Japanese yen, but the company's performance is
broadly in line with last year.

At Conway, I regret to say that on 4 November a significant fire occurred at
our site in Wigan.  Manufacturing has been interrupted and will be for some
time.  However, the group has comprehensive insurance in place on the assets
and against business interruption which should ensure Conway's contribution to
group profitability is protected.

Looking forward, we believe new products and manufacturing efficiencies will
progress the flooring businesses and the group as a whole in this financial
year.

                                    -Ends-