RNS Number:4221D
Metalrax Group PLC
23 May 2006


Issued on behalf of Metalrax Group PLC
Date: Tuesday, 23 May 2006
                                                               IMMEDIATE RELEASE



                               METALRAX GROUP PLC
                                 AGM STATEMENT



At today's AGM, Chairman John Crabtree updated shareholders on trading:

"Trading conditions in 2006 continue to be challenging particularly with
increasing raw material and energy costs. Group turnover to date is, however, in
line with managements expectations.

The group continues with the implementation of its plans which during the coming
year will include four business amalgamations in the UK, each involving
significant reorganisation and site relocation.

Recent acquisitions have fitted into the group well and the board is encouraged
with their performance and contribution to date.

The full potential of the Romanian site is beginning to emerge. Plant and
equipment released as a result of the UK business amalgamations have been
identified and will begin to be transferred in the coming months. Additional new
investment at a moderate level will also be made. Customer response has been
positive and new orders have already been received specifically for the Romanian
operation. Further opportunities are anticipated to develop for the benefit of
the group as a whole.

Whilst 2006 will be a transitional year for the group; the board believes that
these changes will begin to bear fruit fully in 2007."





Enquiries:
Richard Arbuthnot, Chief Executive
Bill Kelly, Group Finance Director           Fiona Tooley
Metalrax Group PLC                           Citigate Dewe Rogerson Ltd
Tel: 0121 433 3444                           Tel: 0121 455 8370
E-mail: info@metalraxgroup.co.uk             Mobile: 07785 703523
        www.metalraxgroup.co.uk



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

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