James Latham Plc - AGM Statement (August 2007)

Stock Exchange Announcement and Statement to the 2007 AGM

The Directors intend to issue the following statement to shareholders attending today’s AGM:

For the first four months of the current financial year, namely April to July 2007, sales are well ahead of the same period last year. Management accounts also indicate that margins have improved. The results for the half-year April to September are also expected to be ahead of last year, however the gains received as a result of increasing prices are unlikely to continue into the second half year.

It is too early in the financial year to be certain of the final result.

James Latham plc’s interim results to the end of September will be announced on 5 December 2007.

Building on the Company’s strong financial base, it is the Board’s strategy to develop the core timber distribution business. The intention is to develop existing depots and the product range and to expand geographically as opportunities become available.

Peter Latham
Chairman
29 August 2007

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