AGM Statement

    ADL plc                                    

                                                                               

              AGM Statement and announcement of Interim Dividend.              

 

ADL, the AIM listed long term healthcare provider, which currently owns and
operates twelve care homes, with 414 operational beds, is pleased to announce
that all of the resolutions proposed at the Annual General Meeting of the
Company held today were duly passed.

 

Also the Directors today declared a one pence per Ordinary Share interim
dividend for the current year ending 31 March 2007. The interim dividend is
payable on 20 October 2006 to those Ordinary Shareholders on the Record at 29
September 2006. ADL's Ordinary Shares will become "ex-dividend" on 27 September
2006.

 

Peter Dewe-Mathews, Chairman, made the following statement at the Company's
Annual General Meeting:

 

  * I am pleased to report that trading in the current year continues to
    improve with occupancy increasing to some 79% enabling the board to return
    the Company to the dividend list.

 

  * Solutions (Yorkshire) Limited, which was acquired in July, is already
    contributing above budget.

 

  * Good progress continues to be made with the realisation of surplus land. 
    Currently we have one site under development, one exchanged subject to
    planning, one in solicitors' hands and terms have been agreed for the sale
    of a non performing home.

 

  * The Company is actively pursuing the acquisition of further homes to
    increase our portfolio.

 

  * On a personal note, when ADL was formed, I indicated I would remain as
    Chairman for an interim period.  The transition is now complete and I am
    very pleased to announce the Company is appointing today a new Chairman,
    Sir William Wells. I will remain on the board as a non executive director.

 

For further information please contact:

 

ADL plc

Jeremy Davies, Managing Director                                           
0786 0717458

 

Corporate Synergy Plc

John Wakefield,
Director                                                          0117 933 0020

 

                                    ADL plc                                    

                                                                               

Appointment of Sir William Wells as Chairman

 

 

The Board of ADL is very pleased to announce the Company is appointing today a
new Chairman Sir William Wells.

 

Sir William Wells (66) has a wealth of experience in healthcare having held a
number of senior board positions in the NHS since 1968.  Latterly he was
chairman of the NHS Executive South East Region until 2001 when he was
appointed chairman of NHS Appointments Commission.

 

He is also currently: chairman of the Council of the University of Surrey; a
member of the General Council and Management Committee of the King's Fund; and
an Honorary Fellow of the Royal College of Physicians.

 

He is a chartered surveyor by profession and retired in 1997 as chairman of
Chesterton International plc; former director of Pearl Group Limited and Pearl
Assurance plc; Norwich & Peterborough Building Society; AMP (UK) Public Limited
Company, AMP (UK) Holdings Limited, AMP Invest Public Limited Company and AMP
(NPI) Holdings Limited, Exel plc and HHG plc and chairman of the Advisory Board
for St Wenceslas Property Trust and Covenant Healthcare Limited.

 

In accordance with paragragh (f) of Schedule Two of The AIM Rules, the Company
confirms there are no further matters to be disclosed in respect of this
appointment.

 

Jeremy Davies, Managing Director stated,

 

"Sir William Wells's experience in commerce, property and healthcare will be
invaluable to the continuing development of your Company."

 

 

 

For further information please contact:

 

ADL plc

Jeremy Davies, Managing Director                                           
0786 0717458

 

Corporate Synergy Plc

John Wakefield,
Director                                                          0117 933 0020

 

 



END