AGM Statement

Fiske PLC
26 September 2001

                                  FISKE plc


                             Company Announcement


Extract from Statement to be made by Geoffrey Maitland Smith (Chairman) to the

   Shareholders at the Company's Annual General Meeting held at 12.30 p.m.

                              26 September 2001


Year Ended 31 May 2001

After a satisfactory first half year, the second half was very disappointing
and our profits for the year amounted to £601,000 before taxation, as compared
with £1,552,000 in the previous year. Those profits of £601,000 excluded the
exceptional gain we enjoyed on the disposal of part of our holding of shares
in the London Stock Exchange. Total profits, including this exceptional gain,
amounted to £1,837,000.

I believe it would be helpful if I brought you up to date regarding our
holding of shares in the L.S.E. At our last Balance Sheet date, 31 May 2001,
we held 50,000 Ordinary Shares which were carried at nil value. Since that
date we have effected further sales to produce an exceptional gain of £
856,000. Taking into account the scrip issue of nine Ordinary Shares for each
one held, made on 19 July 2001 by the L.S.E., we now hold a balance of 250,000
Ordinary Shares at a current quotation of £3.02 per share. We shall continue
to keep this investment under review.

The first three months of the current financial year has shown a loss of
approximately £90,000 which is before the exceptional gain referred to above.

As has been the case for some months, the world's major economies seem to be
drifting towards recession and the terrible events of this month will not
improve confidence. Our policies, as indeed our investment advice, are guided
by our belief that we should not look for any significant upturn in either the
level of the market or in activity until 2002.


Enquiries:-

Clive F Harrison (Chief Executive)     Tel:      [phone]

James Harrison                         Tel:     [phone]


                                                                    26.09.2001