AGM Statement

Surgical Innovations Group PLC
02 June 2004


Surgical Innovations Group plc

02 June 2004

AGM statement


At the Annual General Meeting of Surgical Innovations Group plc held today, the
Chairman, Mr Doug Liversidge, made the following statement:

'Since my statement in the Report and Accounts distributed a month ago, I am
pleased to report continuing progress in all areas of the business and am
delighted to announce further strengthening of the strategic relationship with B
Braun AG, under the Aesculap brand.

Yesterday, B Braun Medical Ltd, the UK subsidiary of B Braun AG, signed a 3 year
agreement with the Group for the British distribution rights to Variglide, our
unique, single-use port system. Your Group has been working diligently over
recent months to secure this agreement and we are now able to benefit from the
UK single-use port market, which is valued in excess of £10 million. The
relationship between B Braun Medical Ltd and your Group continues to develop and
as of today, they are now promoting all of our major single-use products, which
will strengthen our position in the home market.

As detailed in the Report and Accounts, we have launched fully disposable
scissors, with complementary single-use instrumentation to be added in due
course. I hope to report shortly on a worldwide distribution agreement with one
of our strategic partners for this line of instrumentation.

Sales in both MIS and ABT continue to improve year on year and this improvement
has been maintained for the first 4 months of 2004. This is testament to the
quality of our product range and the strength of our international distribution
network. We are confident that this growth will be maintained during the
remainder of the year.

Our leasing and banking facilities have recently been re-negotiated and this
will enable us to continue with our programme of essential capital expenditure
and product development.

I look forward to the remainder of 2004 and will report further on our progress
in September when we announce our interim results.'


Enquiries:

Surgical Innovations Group plc               Tel: [phone]
Doug Liversidge, CBE, Chairman
Graham Bowland, Finance Director

Westhouse Securities LLP                     Tel: [phone]
Philip Johnson


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