AGM Statement

MFI Furniture Group PLC
19 May 2006


19 May 2006

                            MFI Furniture Group Plc

                                 AGM STATEMENT

At the Annual General Meeting of MFI Furniture Group Plc to be held later today 
the Chairman, Ian Peacock, will make the following comments:

'Performance so far this year (from Boxing Day 2005), in all parts of the Group,
is in line with our expectations.

For Howden UK, total sales in 2006 are up 12% on the same period last year and
8% on a same depot basis. However, as previously indicated, the June 2005 sales
promotion will not be repeated. As a consequence, we expect that Howden UK's
total sales for the first half of this year will be similar to the same period
in 2005. Gross margin has continued to improve in 2006 and is up more than 100
basis points on the same period last year.

For Retail (including Sofa Workshop), consistent with our strategy of exiting
unprofitable sales, orders so far this year are currently 19% lower than the
same period last year, 16% down on a same store basis. However, gross margin has
risen by over 350 basis points. As a result, the like for like contribution to
gross profit is 9% lower than last year. Reflecting the unusually high order
book at the start of 2005, we expect that sales in the first half of this year
will be down further than orders.

Although the performance so far this year of Retail has been in line with our
expectations, the next phase of our plans involves tackling the store portfolio
and local distribution model. This will involve cost and considerable
executional challenges. Meanwhile, we have received expressions of interest in
all or part of our Retail business from a number of third parties, and we are in
the process of evaluating this interest in the context of our developing plans.

We will give an update on all these activities when we announce our 2006 Interim
results at the end of July.'


For further information, please contact:

Investors    Gary Rawlinson, Head of Investor Relations,
             MFI Furniture Group Plc

             Tel: [phone]

Media        Susan Gilchrist / Fiona Laffan / Anna Jones
             Brunswick Group Limited

             Tel: [phone]





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