MSN Monsoon

RNS Number:7030E
Monsoon PLC
28 September 2007

                                                                              
                                    MONSOON                                     

                        ANNUAL GENERAL MEETING STATEMENT                        

                               28 SEPTEMBER 2007                                

 
At the meeting later today Peter Simon the chairman will say:

Trading since the start of the new financial year on 27th May 2007 has continued
to be very poor, as indicated in our preliminary results in July when we stated
we were facing "a deteriorating economic environment and rising interest rates."

Total sales for the first 17 weeks of the financial year to 22nd September were
2% down, with like-for-like sales down 9%, compared to 6% down last year. Both
UK and International sales were equally affected and suffered similar
like-for-like declines.

We are taking action to reduce costs throughout the group and remain confident
in the strength of both our brands in the long term. The outlook in the run-up
to the important Christmas period however remains challenging.

The company also draws shareholders' attention to the scheme of arrangement,
announced by Drillgreat Limited separately this morning, to acquire all of the
issued share capital in Monsoon Plc.


Enquiries:

Maitland                     +44 (0)20 7379 5151
Neil Bennett
Tom Siveyer

Seymour Pierce
Richard Feigen               +44 (0)20 7107 8000
Roger Clement




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

END
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