AGM Statement

RNS Number:8830O
Digital Animations Group PLC
20 August 2003


Digital Animations Group plc (the "Company")



RESULTS OF ANNUAL GENERAL MEETING AND EXTRAORDINARY GENERAL MEETING


The Company announces that at the Annual General Meeting and Extraordinary
General Meeting held today, all the resolutions proposed at the meetings were
duly passed.

Accordingly, the Tender Offer announced on 21 July 2003 has completed.  A total
of 12,971,369 Ordinary Shares will be repurchased from Tendering Shareholders,
all of whose valid Tenders will be met in full.  Payments to Tendering
Shareholders are expected to be made on 22 August 2003 and, where relevant, new
share certificates are expected to be issued to Tendering Shareholders on or
before 27 August 2003.

Following completion of the repurchase and cancellation of the ordinary shares
repurchased, the Company will have 16,769,657 Ordinary Shares in issue.  As a
result of the Tender Offer and repurchase, the Company is now aware of the
following significant interests in its issued share capital:


Colin M McNab                                          10.06%
Michael Antliff                                        18.49%
Northern & Midland Nominees Ltd                         7.07%
T D Waterhouse Nominees (Europe) Ltd                    6.80%
Sharelink Nominees Ltd                                  3.96%


Further, Derek Douglas, Littledown Nominees Limited, New Media Spark plc and 3i
plc no longer have notifiable interests in the Company's issued share capital.

The Company has also completed the repurchase of all the Deferred Shares in the
issued capital of the Company.

Following approval at the Extraordinary General Meeting, the Company's name will
be changed to DA Group, which change is expected to become effective by 21
August 2003.  The company's ticker (DAG.L) will remain unchanged.

Commenting on the results of the Tender Offer, CEO Mike Antliff said:

"DA Group regards the successful conclusion of this Tender Offer as an
endorsement of the Board's decision to return cash to shareholders at this time.
The fact that the Tender Offer was almost exactly subscribed at 94% of the
shares available for repurchase also indicates that management judged correctly
our shareholders' requirements for a return of cash.

The Board is pleased to have provided shareholders with the opportunity to
realise cash for their shares and to provide an exit for those seeking it,
leaving the Company with a continuing shareholder base that supports
management's objectives and shares our views on future growth potential, in line
with the strategic review that resulted in the Tender Offer.

The Company remains confident that it will continue to deliver the objectives
set by the Board in its strategic review and will meet the aspirations of our
continuing investors.  Our focus remains to maximise shareholder value by
growing the Group's revenue streams and maintaining tight control over our cost
base."

Terms defined in this announcement have the same meanings as set out in the
Company's announcement of 21 July 2003 unless the context requires otherwise.



Enquiries

Paul McCaffrey, Finance Director                     0141 582 0600

Elizabeth Lambley, Indigo PR                         0131 554 1230



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

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