AGM Statement

Actif Group PLC
17 December 2002



                                      Actif Group plc

                                                              17th December 2002




At the AGM held at 12 noon today, the Chairman made the following comments:


'As reported in our preliminary results statement in October, trading in our
retail stores during August and September was softer than had been anticipated.
I am happy to report that retail sales have strengthened since, particularly
during October. As ever the important Christmas trading period remains vital to
the final outcome for the year.


Since the period end, I am delighted to report that we have opened our latest
prime Elle store in the Meadowhall Centre, Sheffield in early December. This new
store features a wholly new design concept for Elle, presenting a more feminine
and brand-orientated shopping environment. This look will also be incorporated
into the new stores we anticipate opening during 2003.


Our wholesale business continues to be in a period of transition following the
realignment of the Elle licence rights.


We are continuing the process of strengthening our product management team and
we hope to appoint a new Commercial Director shortly, having recently recruited
a new Head of Buying and a new Head of Merchandising.


Overall our outlook for the current financial year remains cautiously
optimistic. '





Enquiries: Actif group plc             020 7436 3330

Mark Evans, Chief Executive
Julian Ghinn, Group Finance Director


Hudson Sandler                        020 7796 4133

Piers Hooper, Director
Sandrine Boussard, Account Manager




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