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Toad Group PLC (TGP)

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Tuesday 18 May, 2004

Toad Group PLC

AGM Statement


Immediate Release: 18th May 2004

                                Toad Group plc                                 

                                (`Toad Group')                                 

                             AGM Trading Statement                             

I am pleased to report that current trading is in line with expectations. The
key organic growth areas we are looking to in 2004 are:

 i. The continued growth of our hands-free kits installation service to the
    UK's leading network providers.
   
ii. Expansion of the product range of Datatool, our motorcycle alarm and
    accessory business and development of opportunities in overseas markets.
   
iii. The Vehicle Inspection Service (VIS) project.
   
iv. Insurance replacement of cameras and computers.
   
Hands-free kits

We have geared up our engineering resource to meet the forecast demand from the
network providers to whom we provide hands free installation services in
anticipation that they will meet their commitments to volume for the remainder
of the year. This volume is expected to increase significantly in the second
half of the year.

Datatool

The new product range which includes, ground anchors, locks and chains, battery
chargers and micro-chip tagging devices have been well received by the market.
In addition, we are anticipating delivery of the first Reevu motorcycle helmets
in the next few weeks. We have appointed distributors for Datatool products in
Italy and Spain and are in early stage discussions with a potential US
distributor. Datatool had its best sales month in April and sales are expected
to grow over the next few months as we enter the key motorcycle sales period.

VIS

The second wave of trials is now underway with the first trial companies
considering moving to contract.

Insurance replacement of cameras and computers

We continue to grow this business as we cultivate our existing and new
relationships with the insurers and improve the way in which we operate in this
sector.

In addition to these organic growth opportunities our acquisition search
continues.

Finally, I would like to take this opportunity to thank our shareholders for
their support and the staff of Toad Group and all our business partners for
their contribution in the first part of 2004.

Peter Ward

18 May 2004

For enquiries please contact:

Wilson Jennings

Finance Director, Toad Group plc

Tel. 020 8710 4016

Adam Reynolds / Andrew Tan

Hansard Communications

Tel. 020 7245 1100