TLT Tolent

RNS Number:0164Z
Tolent PLC
26 June 2007



Tolent plc


AGM Statement

26 June 2007

Tolent plc announces that at its Annual General Meeting to be held at 10.00am 
today, its Chairman, Mike Speakman, will make the following statement:


"Trading in the first half has been satisfactory albeit slower than for the
comparable period last year. Nonetheless our confidence for the full year
remains high and the secured order book stands at #243 million.


"In the first half a number of large contracts have suffered delays, much of
which should be picked up in the second half. In particular the contract at
Newcastle City Library as part of a PFI scheme has now achieved financial close
with work commencing on site in June. The award of several major projects is
anticipated in July, which should ensure that we achieve turnover in line with
expectations.


"In addition, we have made a #400,000 provision against the balance of amounts
due under a contract for the construction of apartments in Huddersfield. The
development company has recently been placed into administration. We are
following this situation closely and will pursue a recovery wherever possible.


"Overall, we are pleased with our levels of activity and the outlook remains
encouraging. The Board remains confident that the results for the full year to
31st December 2007 will be in line with expectations, despite the slow first
half and debt provision."


Contacts


Tolent plc 0191 4870505
John Wood, Chief Executive


Brewin Dolphin Investment Banking 
Andrew Emmott   0845 270 8611






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