RNS Number:4293M
Yorkshire Group PLC
17 June 2003


                              YORKSHIRE GROUP PLC


                                AGM STATEMENT


17th June 2003

Trading has continued to be difficult since the end of April, with adverse
economic trends in Europe and the USA, and the continuing impact of SARS in
Asia.  Against this background during May and June we have implemented a major
restructuring of our US and Asian operations, reducing headcount and overhead
structures, and we expect to see the benefits from this begin to flow in the
second half of 2003.  We are conducting a full review of our European
operations, which we expect to complete by the end of July 2003, and will
provide an update on the outcome of this review at the time of our Interim
Announcement.

We have made slow but significant progress on our asset disposal programme, with
some transactions already announced, and others being actively pursued.  Despite
difficult sales trends our focus remains on cash control and rigorous management
of working capital.

                                      ends


Contact:

Andrew J Dick, Chief Executive, Yorkshire Group plc     Tel: 0113 2443111

Nick Denton/Tom Leatherbarrow, Hogarth                  Tel: 0207 357 9477



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