AUG.L Regulatory News (AUG)

8th June 2012

Augean Plc

("Augean" or "the Group")

AGM Statement

Speaking today at the Annual General Meeting of Augean, one of the UK's leading hazardous waste businesses, the Chairman Roger McDowell will provide the following comments on current activities and trading:

"I am pleased to report that the progress reported at the time of the preliminary results has continued and trading remains ahead of our original expectations. In particular, the Group has delivered strong revenues and positive cashflows from operations.

The Group has made significant progress over the past six months in delivering previously identified strategic opportunities, including the activation of planning permission to receive Low Level Waste (LLW) at our East Northants Resource Management Facility, the addition of incineration capacity through the new East Kent Waste Recovery Facility and the recently announced venture to increase our waste management services to the offshore oil and gas sector through Augean North Sea Services.

During the second half of the year the Board and management team will be focused on driving value from all areas of the business and delivering the Board's revised expectations for the year. This will be underpinned by the recent award of preferred bidder status for disposal of approximately 2,000 tonnes of LLW through a framework agreement supported by the Nuclear Decommissioning Authority.

In light of recent progress the Remuneration Committee met on 22nd May and, as part of the Group's Long Term Incentive Plan, recommended the award of long term incentives to the executive directors and other non-plc directors. The awards vest in the form of shares in the company and are subject to the attainment of pre-determined performance conditions after a three year period. These awards will be confirmed following the outcome of the AGM."

In accordance with AIM Rule 20, copies of the Report and Accounts have been posted to shareholders and are available on the Company's website (www.augeanplc.com).

-Ends-

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