TPA Triplearc

RNS Number:1227O
TripleArc PLC
28 June 2005


28 June 2005

                  TripleArc Plc ("TripleArc" or the "Company")
                                  AGM Statement

The Annual General Meeting of TripleArc, the UK based provider of technology led
print procurement solutions, will be held at 10.00 am today, 28 June 2005. At
the meeting, Chris Pople, non-executive Chairman, will make the following
statement:

"The Chief Executive's review contained in the preliminary announcement of
results released in April 2005 stated that a decline in the business forms
market, combined with a slowdown in demand from the retail sector, had led to a
slower than expected start for the Print Management division in 2005. Since
then, trading in the division's retail and business forms units has not improved
and further reductions in demand has continued to impact negatively on
performance. The loss of an anticipated large contract win with a professional
services organisation has also impacted upon management expectations for the
current year.

"The remainder of the group, including the recently acquired Stream business,
performed in line with management expectations. The combination of Stream with
AccessPlus and our proprietary technology has enhanced the Group's outsourced
service offering and has provided several new business opportunities. The
contracts awarded to the Group during 2004 have now been bedded into the Group
and are providing good levels of revenue. The contracts pipeline remains strong
and includes the significant contract with a large financial services
organisation for which the Company has preferred bidder status.

"The Directors believe that the slowdown in the retail sector could provide the
Group with opportunities in the second half of the year as retailers look to
outsourced service propositions to combine cost cutting with increasing levels
of marketing activity. However, it has become apparent that the Company will be
unlikely to offset the impact of the Group's first half underperformance. As a
result, the Directors anticipate that the Company's results for the financial
year ending 31 December 2005 will be significantly below current market 
expectations, with profit before interest, taxation and amortisation less than 
that reported in the last financial year.

"The Board is undertaking a thorough, group-wide restructuring process in order
to rationalise the operating cost base, to take full advantage of the synergies
available from the Stream acquisition and to improve the performance and growth
prospects of the Group.

"The Board remains committed to its strategy of developing a total
communications support services solution and is confident in its ability to
deliver enhanced value to shareholders through long-term, high value contracts."

                                    - ends -

For further information please contact:

TripleArc Plc                                                      0117 933 1000
Jason Cromack

Weber Shandwick Square Mile                                        020 7067 0700
Terry Garrett 





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