AGM Statement

17 May 2012

Hydrogen Group plc

('the Group')

AGM STATEMENT

At today's Annual General Meeting of Hydrogen Group plc, the specialist professional recruitment business, Ian Temple, Executive Chairman will make the following statement on trading during the year to date:

'As predicted at the time of our preliminary results announcement on 5 March 2012 macroeconomic uncertainty continued to impact the predictability of activity in the global recruitment markets, and visibility remains limited. However, the Group is pleased to announce that Net Fee Income for both contract and permanent recruitment in the four months to 30 April is up on the same period of 2011.

We have continued to focus on our strategy of building global practices in our specialist markets, aligning our resources to markets and geographies where there are opportunities for growth. We have also continued to invest in our infrastructure, commencing the roll out of our new global customer relationship management system.

We remain on course to achieve our objectives for the year while continuing to ensure the business is positioned for growth in the medium term.'

Enquiries:

Notes to Editors:

Hydrogen is a specialist recruitment business with a turnover of over £150m. We build relationships by finding specialist candidates our clients have difficulty sourcing, placing professionals in over 50 countries.

Our joined up practice teams combine international reach with local expertise and specialist knowledge, to provide visibility of world class candidates.