AGM Statement

Walker Greenbank PLC
13 June 2001

For publication at 11.00 a.m.



WALKER GREENBANK PLC



                           CHAIRMAN'S AGM STATEMENT



The Viscount Thurso, Chairman of Walker Greenbank, said at today's AGM:



'As I said in my statement accompanying the Report and Accounts, last year was
unsatisfactory in many respects.  However, we did lay the groundwork to return
this business to profitability.



Market conditions are difficult.  The current problems impacting for example
the leisure industry in this country, have made trading difficult for some of
our customers.  Overall, there is little improvement in our trading
performance in the first quarter.



However, the actions we took last year to reduce the cost base and the further
actions put in place by our new Chief Executive, David Medcalf, are producing
results.  The recent acquisition of the business of Strines Textiles will not
only utilise much of the surplus capacity in our textiles operations, but also
has removed a competitor.



Therefore, assuming no further deterioration in the market, I expect our
operations to return to profitability in the second half of the current
financial year.'