AGM Statement

RNS Number:6545L
Collins Stewart Holdings PLC
29 May 2003



Date:                   29 May 2003
Embargoed until:        0700 hrs



Collins Stewart Holdings plc
Chairman's Annual General Meeting Statement



At today's Annual General Meeting, Keith Hamill, Chairman, will make the
following statement:



"The year has begun well for the enlarged business. Although trading volumes in
equity markets have fallen substantially from the already depressed levels of a
year ago, trading in other markets, especially fixed interest and interest rate
derivatives, has been buoyant.



Parts of Collins Stewart's business have been affected by adverse conditions in
the stock market. However, the corporate finance division has had a good start,
benefiting particularly from the innovative bid for Northumbrian Water.



Tullett's results will be consolidated from 10 March 2003. Since the beginning
of the year, Tullett's North American and Asian businesses have continued to
perform strongly and the European business has seen substantial improvement
following the reorganisations which have taken place over the last two years. We
have also made a good start on working with the Tullett management team to
develop Tullett's business further.



We believe that there are good prospects in many of the enlarged Group's
markets, even if some continue to experience difficult trading conditions. We
therefore continue to view the future with confidence."





- Ends -





Enquiries:



Terry Smith, Chief Executive              Tel:  [phone]
Collins Stewart Holdings plc

Emma Kane, Chief Executive                Tel:  [phone]
Redleaf Communications Ltd                Mob:  [phone]



Notes to Editors:



*                     Further information on Collins Stewart and Tullett is
available on the Company's websites at www.collins-stewart.com and
www.tullib.com.




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