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Jacks (William) PLC (JCKS)

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Thursday 16 June, 2005

Jacks (William) PLC

AGM Statement

Jacks(William) PLC
16 June 2005

WILLIAM JACKS PLC

16 JUNE 2005


                      William Jacks PLC or ('the Company')

                                 AGM Statement


I concluded my statement within the Annual Report for the year ended 31 January
2005, by stating that the retail market remained highly competitive and volatile
and that a recovery in volume was going to be critical in achieving a
satisfactory performance this year.  I now have to report that consumer
confidence, particularly within our geographic area, has not markedly improved
in recent months, with continuing high interest rates and very evident
nervousness within the residential property market.  As a result new car volumes
are down over 6% nationally year to date overall and 12% down in the private
sector, which represents approximately two-thirds of our customer base.  Margins
for both new and used also remain under competitive pressure.

Whilst the second quarter has seen an improvement over the first three months,
the Board anticipates that the Company will be reporting a trading loss at the
half-year.  In these prevailing conditions we continue to focus on reducing
costs and this action allied to new products should lead to some improvement in
the second-half.




Enquiries:

William Jacks PLC
John Adair, Chief Executive                             Tel: 01344 625 007

Charles Stanley & Co. Limited
Philip Davies                                           Tel: 020 7953 2000




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