AGM Statement

Lupus Capital PLC
17 May 2006




The Annual General Meeting of Lupus Capital plc was held today and all
resolutions set out in the notice were duly passed. The final dividend was set
at 0.278p. Greg Hutchings, Chairman and Chief Executive, reported that the
integration of Schlegel Limited, a leader in the manufacturing and marketing of
door and window seals, which was acquired by the company on April 4 last, was
going well and that the other wholly owned subsidiary within the group, Gall
Thomson, was continuing to progress. 'We are very optimistic for the future of
Lupus' Mr. Hutchings said.


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