ADW Addworth

RNS Number:3196V
Addworth PLC
23 April 2007

ADDWORTH PLC
23rd April 2007

                                  Addworth Plc

                             Bullish AGM Statement

At today's Annual General Meeting for Addworth Plc, the active capital investor,
Chairman Mark Watson-Mitchell made the following statement:

"The Group has experienced good growth in its portfolio value in the first few
months of this current year.

We are particularly delighted to see some significant movement at Yellowcake
Plc, the uranium investment company in which Addworth now holds 29.99% of its
equity. Its portfolio continues to increase in value whilst its agreement with
CanAlaska Uranium looks extremely promising.

On the corporate front this year has already seen the Group float Oil and Gas
Support Services Plc and Gaming Ventures Plc, both on the PLUS Market. It is now
underway with a number of other proposed floats that should be completed within
the next three months or so.

In January the Company established its own insurance company in Guernsey,
Channel Islands, which is currently in negotiations with a number of major
companies concerning its unique 'Lease Protect' policy. Although at any early
stage of its development we are already strongly encouraged by the potential of
this company.

The Board continues to seek out interesting investment and funding propositions
and is feeling confident of further growth in 2007."

All resolutions at the meeting were carried.

Further information from

Mark Watson-Mitchell                        020 7638 8750
Executive Chairman                          www.addworth.co.uk

Yvonne Fraser                               020 7202 2609
Aquila Financial                            www.aquila-financial.com


Notes to Editors

Addworth (ADW), which gained admission to AIM on 3rd February 2005, was formed
primarily to act as an 'active capital investor'. The focus is upon the growth
of capital value and the generation of fee income from: establishing and funding
newly quoted sector focused companies;
acquiring and developing companies with growth potential; and taking minority
equity positions in undervalued smaller listed companies.

In the middle of January 2007 the Company established its own insurance company
in Guernsey, called Risk Transfer Ltd.

In late January 2007 it also floated Oil and Gas Support Services Plc on PLUS
Markets, a special purpose acquisition company planning to acquire companies
providing services to the global oil and gas sector. In late March it floated
Gaming Ventures Plc, also on PLUS Markets, with its aim to invest in online and
mobile gaming companies.



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

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