RHL.L Regulatory News (RHL)

Redhall Group plc

("Redhall" or the "Group")

AGM Statement

At the AGM of Redhall Group plc to be held later today, the Chairman, David Jackson, will make the following statement.

"Trading in the first quarter of the current financial year has been slower than anticipated in part due to the weather affecting progress on several major contracts. Trading for the balance of the year is anticipated to produce a full year result in line with the Board's expectations but as previously forecast the first half, second half split will be weighted in favour of the second half. 

The contract pipeline referred to in my last Chairman's statement remains strong particularly in the Energy and Defence sectors and there are signs that the Process sector is improving for the second half. 

We were delighted to announce recently our new £25 million bank facilities with HSBC which gives us access to committed funds until 2015. This provides us with additional scope to support working capital needs and any future acquisitions.

Regretfully we announce that Simon Foster has resigned his position as CEO of the Redhall Group for family reasons with effect from 31 March 2011. I shall be assuming his executive responsibilities and in due course a search for a replacement will be undertaken. I would like to thank Simon for his considerable contribution in the establishment of the Redhall Group and wish him well for the future."

The Company confirms that its annual report and accounts for the year ended 30 September 2010 have been published and distributed to shareholders. The report and accounts are also available from the Company's website, www.redhallgroup.co.uk and at the Company's registered office, 1 Red Hall Court, Wakefield, WF1 2UN.

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