AGM Statement and Trading Update

20 May 2010

H&T GROUP PLC

("H&T" or the "Group")

AGM Statement

And Trading Update

At the Annual General Meeting (AGM) of H&T Group plc, to be held at 12pm today, Chairman Peter McNamara will make the following statement:

"Underlying trading is in line with the board's expectations, and we remain pleased with both the continued growth in the Group's core pawnbroking operations and the new store expansion programme which progresses in accordance with the Board's strategy.

"Results for the year to 31 December 2010 are expected to benefit from a reduction both in overall stock levels and the period required to dispose of purchased gold, leading to a one off improvement in the Group's scrap profits. As a result of these working capital improvements, the Board expects full year results to exceed current market consensus forecasts. In addition, H&T's net debt position is likely to be materially lower at 30 June 2010 than at 31 December 2009, despite the continued new store expansion.

"The Board is also pleased to announce that on 7 May 2010, H&T acquired the systems and assets of a small online pawnbroker for the total consideration of £80,000. This acquisition provides the platform for the Group to expand its pawnbroking service to a wider range of customers."

ENDS

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