AGM Statement

The Vitec Group PLC 18 May 2005 18 May 2005 The Vitec Group plc AGM Statement Michael Harper, Chairman of The Vitec Group plc ('Vitec'), the international supplier of products, services and solutions to the Broadcast, Entertainment and Media industries, will make the following statement at today's Annual General Meeting: 'Trading for the first four months of the current financial year has been in line with the Board's overall expectations. The Group continues to invest in product development and, as last year, Vitec won several awards for product innovation at NAB, the major US broadcast trade show, in April 2005. 'Looking forward, the Group's performance remains linked to the future growth rates in advertising demand, where trends are presently unclear, and to the uptake of digital SLR cameras, which remains strong. Foreign Exchange rates will also continue to influence the Group's results. Towards the end of 2004, the US dollar fell significantly against both the £ and €, though since January 2005 it has remained much more stable. 'Last week we announced the acquisition of Kata, a leading supplier of camera bags, and we expect this transaction to complete by the end of May 2005 and contribute to earnings this year. 'Overall, the Board reiterates its comments at the time of the Full Year Results in March 2005 and continues to view the outlook with cautious optimism.' Tomorrow, Thursday 19 May 2005, the Group will publish its unaudited results under International Financial Reporting Standards (IFRS) for the year ended 31 December 2004 and will host a conference call for analysts at 9.30am on that day. - Ends - Enquiries: Gareth Rhys Williams Telephone: 020 8939 4650 The Vitec Group plc Rob Gurner Telephone: 020 7269 7291 Financial Dynamics Notes to Editors: The Vitec Group plc supplies a wide range of equipment and services to the broadcasting, entertainment and photographic industries. Its products are distributed in nearly 100 countries, either through dealerships or direct to the end user or corporate sector, and it has manufacturing facilities in four countries. The Vitec Group is a major force in its chosen specialised fields. More information can be found at: http://www.vitecgroup.com. This information is provided by RNS The company news service from the London Stock Exchange MPKFKQNBKDKPD

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