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AGM Statement

4th Jul 2006 11:00

Prime People PLC04 July 2006 4 July 2006 Prime People plc ("Prime People" or the "Company") AGM Trading Statement Prime People plc (AIM: PRP.L), the commercial property recruitment specialist,is holding its Annual General Meeting today at 11a.m. Chairman, RobertMacdonald, will make the following statement about current trading. "2006 has got off to a strong start with net fee income in the first quarter 14%ahead of the same period last year and we continue to trade in line withexpectations. We are continuing to see strong demand for property professionalsacross all areas of the industry, particularly in the UK as the propertyindustry prepares for the introduction of UK Reits. We have added 9 newconsultants across the group since the start of the financial year. "International expansion is a key part of our growth strategy and last month weopened our second overseas office, which is in Hong Kong. Our Dubai operation,which opened for business in January this year, is performing ahead ofexpectations and plans are in place to locate four further consultants in thisarea by the end of the first half. We are also actively seeking to expand thebusiness through the acquisition of complementary recruitment teams orbusinesses. "The opportunities of the international property sector and the steps we aretaking to expand and strengthen our business, both in the UK and overseas, givesthe Board confidence in the future progress of the Company." -Ends- For further information please contact: Prime People 020 7318 1785Robert Macdonald, Executive ChairmanPeter Moore, Managing Director Hogarth Partnership 020 7357 9477James Longfield / Georgina Briscoe / Charlie Field This information is provided by RNS The company news service from the London Stock Exchange

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