AGM Statement

Photo-Me International PLC
05 November 2003




                           PHOTO-ME INTERNATIONAL PLC
                                        

                            Chairman's AGM Statement


At today's AGM of PMI, the world's leading operator of photobooths and a
significant manufacturer of digital photoprocessing equipment, the Chairman, Dan
David, will give the following update on current trading and prospects:


'In the preliminary announcement of 30 June 2003, it was stated that PMI
continued to believe that 2003/04 will register not just a material improvement
in results but also a further material reduction in indebtedness, reflecting the
cash generative nature of PMI's Operations and the improved result of its
Manufacturing.


On 2 September 2003, following completion of its first quarter's accounts, PMI
was able to issue a positive trading update, which stated that PMI anticipated
that its results for the year ending 30 April 2004 would be substantially ahead
of market expectations at that time.


A further two months have since elapsed and the positive trend has continued.
PMI remains confident that not only will the results for the first half be very
substantially ahead of those for the first half of last year, but also that the
strong cash generation will continue to materially reduce group indebtedness.
The Board continues to believe that the results for the current year will be in
line with current market expectations, reflecting considerably improved trading
by both its Operations and Manufacturing activities. As a consequence, it is
expected that a final dividend will be paid for the year.'




Enquiries:

Photo-Me International plc                                       01372-453 399
Dan David (Chairman)
Serge Crasnianski (Chief Executive Officer)

Bankside Consultants Limited
Charles Ponsonby                                    07789-202312/020-7444 4166   


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