RNS Number:8625S
White Young Green PLC
04 December 2003


For Immediate Release                                     4 December 2003


                              WHITE YOUNG GREEN PLC

                            CHAIRMAN'S AGM STATEMENT


White Young Green Plc ("White Young Green" or "the Board"), consultants to the
built and natural environment (LSE:WYG) London, UK, 4 December 2003: At the
Annual General Meeting held today, all resolutions proposed were duly passed.



Following the meeting, Gareth Cooper, Chairman made the following statement:



"Trading in the current year has started well and the Board is encouraged by the
Group's prospects, with a number of important contracts secured which have
increased both ongoing workload and visibility of future earnings.  These
contracts include the appointment of White Young Green as:



*         A service provider to the Bovis Lend Lease and Babcock Infrastructure
Service Consortium who have been appointed as the preferred bidder on the South
West Regional Prime Contract.  Defence Estates has indicated that the prime
contract will last for at least seven years and its capital value is in excess
of #500 million;

*         A Strategic Alliancing Consultant to the Prison Service for the ten
year refurbishment programme of Britain's entire prison estate.  The
modernisation programme has a capital value of approximately #3 billion;

*         Consultant to two further NHS LIFT (Local Initiative Finance Trust)
Schemes in the North of England with an estimated capital value of #80 million;
and

*         Joint clients representative for the expansion of the Mullingar Sewer
Improvement Scheme in the Republic of Ireland, which has a capital value of Euro50
million.



The impact of these contracts and others secured in the four month period since
June 2003 has been to increase the order book to #144 million, which is 37
percent higher than at the same time last year.  The Board is satisfied with
current trading and prospects remain in line with its expectations.



A client of the Group, Ballast plc, was recently placed into administration and
there is a potential exposure in relation to outstanding contracts.
Negotiations are well advanced with the contractors taking over the relevant
contracts for which White Young Green holds intellectual property rights
relating to design information.  These negotiations are expected to mitigate
significantly White Young Green's current maximum exposure of #350,000.



This morning it was announced that the Group intends to raise #6.25 million by
way of the placing of 3,787,879 Ordinary Shares at 165 pence per share . The
Placing is underwritten.   At the same time an open offer  will be made to all
shareholders to subscribe for Ordinary Shares on a 1 for 6 basis also at 165
pence per share.  This Open Offer is not underwritten.  The funds raised from
the Placing and open offer will be used to support the Group's future
acquisition strategy and will have the additional benefit of reducing gearing in
the short term.  The documents relating to the placing and open offer will be
posted to shareholders this evening."



For further information, please contact:

John Purvis, Managing Director and Chief Executive (Designate)   Today on: 020 7466 5000
WHITE YOUNG GREEN PLC                                       Thereafter on: 0113 278 7111


Tim Anderson / Lisa Baderoon                                      0207 466 5000
BUCHANAN COMMUNICATIONS





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