AGM Statement

LMS Capital PLC
10 May 2007


10 May 2007

                                LMS Capital plc

                                 AGM statement


LMS Capital plc, ("LMS Capital" or "the Company"), the AIM-quoted investment
company with stakes in public and private UK and US companies and funds, has
issued the following statement ahead of the Annual General Meeting of the
Company which is being held today.


The Company has continued to make good progress to date in 2007 and the
highlights of the year so far include:


  * Our investments in the energy sector continue to perform well, reflecting
    the strong performance of oilfield services businesses, and the value of our
    quoted securities in this sector increased in the three months ended 31
    March 2007. This increase in value more than compensated for the impact of
    the decline in the share price of ProStrakan Group (our largest investment
    in the healthcare and medical sector) in the same period.


  * Energy Cranes International, our largest unquoted investment, has enjoyed
    a strong first quarter performance. Revenues for Energy Cranes in the three
    months ended 31 March 2007 are 19% ahead of the corresponding period last
    year and significantly ahead of budget.


  * The companies in our UK technology portfolio continue to report growth in
    demand for their products and services. In the year to 31 March 2007 the
    total revenues of these companies were ahead of the corresponding period a
    year ago by more than 25%.


  * Spectrum, one of our largest fund interests, completed a number of
    exits in the first quarter of the year, resulting in distributions to the
    Company of over US$6 million, representing a significant gain compared to
    cost.


  * Method Products, Inc, a consumer products company and one of the portfolio
    companies of San Francisco Equity Partners, has continued to experience
    strong growth. Revenues in the three months ended 31 March 2007 were over
    40% ahead of the corresponding period last year.


Commenting on the Company's performance to date in 2007, Robert Rayne, Chief
Executive Officer, said: "Developments so far this year have underlined that the
Company continues to benefit from our strategy of focusing on the sectors and
geographies where we have significant management expertise. Further, our network
of contacts and relationships in the private equity sector continues to provide
a steady inflow of investment opportunities. "

                                    # Ends #


For further information please contact:


LMS Capital plc                               020 7935 3555

Robert Rayne, Chief Executive Officer

Martin Pexton, Managing Director

Tony Sweet, Chief Financial Officer


Brunswick Group LLP                           020 7404 5959

Simon Sporborg

Anisha Patel


N M Rothschild & Sons Limited                 020 7280 5000

Duncan Wilmer



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