AGM Statement

RNS Number:7844K
Talent Group PLC
07 May 2003


                  Talent Group plc ("Talent" or "the Company")

                            Chairman's AGM statement


The following is the text of the statement which the chairman, Robert Benton, 
will be making at the Company's Annual General Meeting at 11:00 a.m. today.


"We were delighted with the viewing figures generated by the recent fourth
programme in the Test the Nation series for BBC1, the IQ Test 2003. Progress
generally is encouraging and especially that being made by our new division
Talent Kids, under Annie Miles, who joined us in January this year.


However, the timing of the commissioning of programmes is outside our control
and it now looks likely that a decision on a fifth series of The Villa for Sky
One will now be delayed until the fourth series is transmitted later in the year
and after the end of the Company's financial year.


At the time of the reverse takeover of RMR plc by Talent Group Limited to form
Talent Group plc, the Company made it clear that it intended to invest in
additional resources to facilitate expansion.  These resources are predominantly
people based and the effect of this, coupled with the delay referred to above,
will have an adverse effect on the profitability of the company in the short
term. However your Board believe this expansion is in the long term interests of
the company and shall continue to invest in the future.


I mentioned in my report contained in the Annual Report and Accounts that the
company had applied for a Research and Development Tax Credit. I am pleased to
announce that we have now received #295,000 of the total anticipated tax credit
of #320,000. Together with our existing resources this leaves the Company with
sufficient liquidity to pursue its immediate plans.


Shareholders who subscribed for shares in the Company and applied for relief
under the Enterprise Investment Scheme ("EIS") will be pleased to learn that the
Inland Revenue has informed us that the Company's status as a qualifying company
has not been affected by the reverse takeover and EIS relief previously granted
will not be withdrawn as a result."



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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