AGM Statement

Leeds Group PLC
25 February 2004





Issued on behalf of Leeds Group plc
Date: Wednesday, 25 February 2004
                                                               Immediate Release



                                Leeds Group plc
                             Annual General Meeting


At today's Annual General Meeting, Bill Cran, Non-Executive Chairman, told
shareholders:

'On 18 December 2003 the Group reported in its Preliminary results announcement
for the year ending 30 September 2003 that activity within both our Divisions
had been satisfactory in the first two months of the current financial year.
This has certainly been the case at Hemmers-Itex, where three weeks ago, in
addition to our principal outlet at Nordhorn, Germany, we began a small
wholesaling operation in Cologne specialising in high quality fabrics. The
Division can now offer to our European customer base the full spectrum of
products, from economy / basic fabrics to luxury items, and we believe that this
small addition to our activities will contribute to a modest growth in the
profits of the Division.

In Leeds Leasing, the volume of new business began to slow as the Christmas
period approached since when it has remained below our expectations. Although
cumulatively we are matching last year's totals we continue to see that the
blend of new business is weighted towards those sectors where we achieve lower
yields. We have a number of projects in hand designed to stimulate higher levels
of new business in our traditional core areas of catering, leisure and
hospitality where higher yields are achievable, since success in this area is
crucial to resuming the record of profit growth previously established in Leeds
Leasing.'

All resolutions were duly passed.







Enquiries:
Malcolm Wilson, Group Managing Director
Dawn Bowler, Group Finance Director                Alan Cooke
Leeds Group plc                                    Citigate Dewe Rogerson
Tel: [phone]                                 Tel: [phone]




                      This information is provided by RNS
            The company news service from the London Stock Exchange