AGM and Trading Statement

29 September 2011

THEO FENNELL PLC

("Theo Fennell" or "the Group")

Results of AGM and Trading Update

Theo Fennell PLC, the AIM-listed international, luxury jeweller, announces that at today's Annual General Meeting all proposed resolutions were duly passed.

Commenting on current trading, the Chairman, Rupert Hambro, issued the following statement:

"I am pleased to announce that the business has performed encouragingly over the last six months with sales for the period up 9% versus the prior year. Alias, our new silver diffusion range, has been successfully launched in the UK and will be in approximately 30 points of sale in the UK in time for Christmas, including 6 stores with the UK's leading independent national jewellery retailer, Fraser Hart.

We will be launching a number of new collections for the Christmas sales period including Scallop keys, Jouster, Totem and coloured Spangle rings and crosses. We continue to be at the forefront of new design within the jewellery market with our one off high-end jewellery pieces and will be showcasing these at our Fulham Road store.

We are exploring opportunities in key international markets including the Middle East, Far East and USA where we will open a wholesale concession in Los Angeles towards the end of the year. The ongoing economic uncertainty continues to make discussions with new partners more protracted than we had expected but we hope to secure additional distribution outlets this financial year.

I am pleased to report that we have renewed our banking facilities with the Clydesdale Bank until July 2012 on similar terms to our current agreements and continue to have a supportive relationship with our bank.

Although we are encouraged by the continued growth in sales we remain cautious as we enter the key Christmas selling period due to the uncertain economic environment."