AGM Statement

RNS Number:1364T
Ferraris Group PLC
11 December 2003



                                                            11 December 2003

                               Ferraris Group plc
                                        
                                  AGM Statement
                                        
At the Annual General Meeting of Ferraris Group plc, held today, Ian Dighe,
Chairman, told shareholders:

"Further to the announcement in November of our intention to dispose of the
Group's Life Sciences Division, we are in contact with a number of potentially
interested buyers in both Europe and USA and we expect initial bids to be
received in the first quarter of 2004.

"Market conditions have not changed significantly since the Annual Report was
published with orders at the end of the first quarter in line with budget.
Clinical trials work is particularly encouraging and I am pleased to announce a
US contract gain of $340,000 for a new client; this work, primarily for
respiratory services, will be completed in the current financial year. There has
been an element of extra activity from the semi conductor sector but its
sustainability has yet to be established.

"The integration of Bionostics into the Group is complete and its management
team has already made a significant contribution within the Ferraris Group. The
reorganisation of the Respiratory Division is proceeding to plan; while the move
from Boston, Massachusetts to Denver, Colorado involves significant time and
effort to ensure a smooth transition without major disruption to the business,
an integrated unit in Denver should be operational by the end of March 2004. We
are finalising plans for the re-organisation of our European operations, which
we expect to complete by July 2004.

"I believe the Group is well placed to take advantage of the numerous
opportunities that will present themselves in the forthcoming period. It is
early in the new financial year but the Group has good growth prospects in its
core product areas."

                                    - Ends -

For further information, please contact:

Ferraris Group plc                                              0121 782 6000

Ian Dighe, Chairman
Steven Mills, Chief Executive
Simon Dighton, Group Finance Director

Weber Shandwick Square Mile                                     020 7067 0700

Nick Oborne/ Rachel Lankester/ Susanne Walker


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

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