AGM Statement

08 November 2010

CPL Resources PLC

AGM Statement

The following statement was made by John Hennessy, Chairman of CPL Resources Plc, at the company's AGM held today;

'As indicated when we announced our results to 30 June 2010, we are continuing to experience gradual, but noticeable, improvements in the markets in which we operate. The first quarter of our financial year to 30 September 2010 was encouraging, and current indications are that our pre-tax profit for the 6 months to 31 December 2010 will exceed €3.8m. However, in the light of the current level of uncertainty in the Irish economy, it is not possible to forecast performance for 2011. We will release our Interim Statement on the 27th of January 2011.

CPL will continue our efforts to sustain the current positive momentum in our business and we will continue to invest in our people and our technology and to maintain our commitment to providing top class service to our clients.

END