AGM Statement

RNS Number:8496S
Springboard PLC
04 December 2003


                                Springboard plc
                        AGM statement and Board Changes


The company is pleased to announce that at the AGM of the company held yesterday
all resolutions were duly passed.

The company commented on trading across the portfolio.

"In the first quarter of our 2004 financial year, we have seen continued
progress within the core portfolio. The annualised turnover generated by these
companies was substantially higher than that achieved in 2003, and they produced
an aggregate pre-tax profit in the period for the first time. Due to the mix of
our shareholdings, Springboard's look through earnings still showed a small
loss."

As mentioned our preliminary announcement in September, Chairman Brian North
retired from the Board following the AGM. The Board would like to thank Brian
for his contribution to Springboard since the establishment of the company in
1998. Brian leaves us at a time where we are now witnessing good progress across
our portfolio and we are all grateful for his support and guidance during the
initial phases of the Company. Stephen Ross was appointed Chairman and Simon
Smith became CEO, with effect from completion of the AGM yesterday

For further information please contact
Simon Smith, Stephen Ross or Gerard Downes on 0207 004 2600




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

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