RNS Number:9770R
Reed Health Group PLC
12 November 2003



                                                                12 November 2003

                              Reed Health Group plc
                                  ("the Group")

                            Chairman's AGM Statement

At the Group's Annual General Meeting, held today at 11:00am the Chairman, Barry
Hartop, made the following statement to shareholders:

"Since the beginning of the financial year we have continued to make further
progress in our Social Care, Medical and Nurse divisions however we are
experiencing an ongoing low level of demand for teachers and certain allied
health professions, particularly physiotherapy.

"In anticipation of trading remaining at these levels for the foreseeable
future, the Group's cost base is being adjusted and we have taken timely action
to reduce our current branch cost base by managing productivity and monitoring
performance closely. In addition, we are currently driving through central cost
savings in insurance, IT systems, payroll services and reducing the Group's
debtor days. In the current year, we anticipate central cost reductions will
achieve savings of #1.0 million, with a further #0.5 million being realised from
branch and divisional cost reductions. We do not expect this to affect our
branch opening programme for the current year.

"As a consequence of these actions, together with the new branches to be opened
during the year, the Board anticipate that the Group's performance for the
current year will be in line with their expectations."

All of the resolutions proposed at the Annual General Meeting were approved.

                                    - Ends -

For further information, please contact:

Reed Health Group plc                                       020 7834 3181
David Fennell, Chief Executive
Mark Garratt, Finance Director

Weber Shandwick Square Mile                                 020 7067 0700
Louise Robson, Susanne Walker or Cass Helstrip






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