AGM Statement

Mears Group PLC 04 June 2003 At the Annual General Meeting of Mears Group PLC held today in London, Chairman Bob Holt said: I am delighted to announce that the Group has been awarded another long term partnership agreement with Tristar Homes Limited, the housing arm of Stockton on Tees Borough Council. The agreement, for the improvement to the Council's housing stock, will run for an initial term of 7 years and will have a total value of around £50 million. The award of this agreement is a further demonstration of Mears commitment to Central Government's 'Decent Homes Standard', an initiative to improve the general condition of the social housing stock on a national basis. This agreement with Stockton along with recent extensions to other existing contracts has increased the Group's order book to in excess of £350 million and stretching as far in the future to 2012. I can confirm that the Group has continued its excellent progress to date in the current year and that trading is in line with expectations. The Group's strong cash management continues to produce a positive cash flow. This information is provided by RNS The company news service from the London Stock Exchange

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