AGM Statement

Harrier Group PLC
19 May 2004


                                HARRIER GROUP PLC
                                        
                                  AGM STATEMENT

The current year has started well with orders taken and sales recognised both
substantially ahead of last year. However, a higher element of product sales has
had the effect of reducing our gross margins, and as a result current net
profitability to date is below our expectations.

The information security and data storage markets are both buoyant. Although
competition remains strong, our pipeline of potential orders is growing
steadily, which augers well for the rest of the year.

A L R Morton

19 May 2004



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