AGM Statement

Worthington Group PLC
06 August 2004


Worthington Group PLC
6 August 2004


                                  WORTHINGTON GROUP PLC


Annual General Meeting Statement and Board Changes

At the commencement of today's Annual General Meeting in Macclesfield, the Chairman, Joe Dwek, will make the following 
statement:

'Following my comments in the Annual Report on our business at Worthington Manufacturing Ltd ('WML') in Macclesfield we 
have now decided to relocate to smaller premises on a 2 year lease and have put the building at Fence Avenue up for 
sale.

This relocation will result in further redundancy costs estimated at £147,000 and some £600,000 of plant will no longer 
be required, but will have some re-sale value. Both of these costs will be taken into account when we issue our interim 
results in due course.

Your director's believe that a much reduced manufacturing plant and corresponding overheads will produce an acceptable 
level of profit going forward for WML. The reduced sales potential will also bring into line the current level of demand
for the company's products.

I would also advise shareholders that our Finance Director, Tim Roberts,  has today resigned his position to pursue 
another full-time role. Ever mindful of costs, your Board has decided that the Group can no longer justify the services 
of a full-time Finance Director and accordingly has today appointed David Shalom ACA as Finance Director on a part-time 
basis. David has previous plc experience being a former Finance Director of Coral Products plc.'


In connection with his appointment no further details, as required under chapter
16.4 of the FSA listing rules, remain to be disclosed.



6th August 2004


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