AGM Statement

Tribal Group PLC
12 September 2002

For release on 12 September 2002

Tribal Group plc 2002 AGM statement



At today's Annual General Meeting of Tribal Group plc, a leading UK professional
support services company in the education, local authority and health markets,
David Telling, Chairman of Tribal, will comment:



'Results



The results for the year ended 31 March 2002 showed that the Group enjoyed
another excellent year. Excluding the amortisation of goodwill and costs
associated with employee benefit trusts, turnover increased by 161% to £45.7m;
net profit increased by 326% to £8.1m and fully diluted earnings per share by
106% to 14.2p.  Operating margins improved to 18.3% and during the period the
Group generated positive operating cashflow of £9.5m; an operating profits to
cash conversion rate of 114%.



Our markets



The level of activity in our market areas remains buoyant.  There is increasing
need in education, health and local authorities for support from the private
sector to help deliver the Government's targets. Also there is a political will
to see reform and tangible improvements in public services and a growing
willingness to engage constructively with the private sector.  We continue to
strengthen our management teams to take advantage of these opportunities.



Organic growth and contract wins



Since the financial year end trading has been very encouraging and the Group has
been awarded a number of new contracts.  In May 2002 we announced a three year
contract to provide strategic management services to Swindon Local Education
Authority.  We announce today the award of a £2m three year contract with UfI,
the organisation implementing the Government's University for Industry
initiative, to develop and manage the new corporate e-learning environment for
learndirect.



Acquisitions



We believe that a window of opportunity exists to continue to acquire high
quality companies that further strengthen our position, as a leading support
services business, in our chosen markets.  We aim to become a leading provider
in each of our defined areas of expertise.



Since the year end we have announced the acquisitions of Nightingale Associates,
the largest healthcare architectural practice in the UK; Malcolm Judd, a town
planning and property consultancy and Yale Consulting, a supplier of management
and IS consultancy services to the public sector.  We expect to announce further
acquisitions in coming months.



Inclusion in the FTSE Indices



Following our move onto the Official List in July this year, we are pleased to
note the announcement made by FTSE last night of our pending inclusion into the
FTSE All Share and FTSE SmallCap indices which will become effective on 23
September 2002.



Current trading and prospects



Trading for the first five months of the year has been in line with the Board's
expectations and, as at the end of August 2002, is significantly ahead of the
corresponding period in 2001.



We are encouraged by both the excellent performance of our acquisitions and the
strong organic growth that we have achieved. We are benefiting from strong
demand for our services across all of our markets and are particularly pleased
to see an increasing number of contract wins. As at 1 September 2002, 70% of
management's budgeted turnover for the year is already secured, a particularly
strong performance given that historically the majority of the turnover and
profit for the Group has been generated in the second half of the year.



We continue to believe that the prospects for the Group remain excellent.'



For further information please contact:

Tribal Group plc - Henry Pitman, Chief Executive 01285 886020




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