RNS Number:6729L
Maiden Group PLC
29 May 2003





29 May 2003



                                MAIDEN GROUP PLC

                            CHAIRMAN'S AGM STATEMENT



At today's Annual General Meeting of Maiden Group plc, the Chairman, Martin
Boase said:



"As we indicated at the preliminary results in March, the first quarter started
strongly and produced sales growth of 24% ahead of the same period last year.
Recent figures from the Outdoor Advertising Association, which indicate market
growth of 16.8% for the same period, confirm this strength and Maiden's ability
to outperform both its market and the advertising sector in general. Given the
negative impact of the Iraq war on advance bookings, we expect a slight decline
in revenues in April and May compared to last year. Forward visibility remains
limited, with June bookings proving to be on very short notice. Nonetheless, we
anticipate revenue growth in the first half of between 3-5%.



Although at present a relatively small part of Maiden's turnover, the growing
investment in Transvision screens at major railway stations continues to
prosper.  The completion in April of what is now a five-screen network including
the main line terminals at Victoria, Waterloo, Euston, Charing Cross and
Liverpool Street, and which reaches 20 million people per fortnight, has led to
a number of blue-chip advertisers booking substantial campaigns extending into
2004.



We continue to seek operating efficiencies and in this regard our focus in the
second half will be on the business's largest external costs, which should
produce clear future benefits.  Combined with the continuing investment in our
estate, the Directors believe that Maiden is well placed to deliver future
growth when the UK and world economies regain momentum.



                                      ENDS



Enquiries:

Ron Zeghibe, Chief Executive
Maiden Group plc                                        020 7838 4000


Tim Spratt / Michelle Morton
Financial Dynamics                                      020 7831 3113




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