AGM Statement

Mears Group PLC
29 May 2002

MEARS GROUP PLC

Trading statement made by the Chairman at the Annual General Meeting held at
noon on 29 May 2002



'I can confirm that the Group has continued its excellent progress to date in
the current year and that trading is in line with expectations. The Group's
strong cash management continues to produce a positive cash flow.

We continue to seek out earnings enhancing acquisitions in the Facility
Management and Services sectors and the current Central Government initiatives
to improve the general condition of the social housing stock on a national basis
provide outstanding opportunities for growth.

The contract with Richmond Housing Partnership which commenced on 2 April 2002
has started well.'



Ends



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