AGM Statement

Tex Holdings plc

Annual General Meeting - Friday 22nd June 2012

Chairman's Update on Trading

Trading has been close to expected levels, but as a result of the timing of projects this year, first half profits will be less than the previous year.

The Engineering Division continues to be busy, but management still remain cautious as orders are showing signs of reducing due to the uncertainty in the World. The Plastics Division is trading in line with the previous year and the Boards and Panels Division is ahead of the previous year.

The Group is expecting the second half to be better than the first as we anticipate better levels of despatches; however we remain cautious as Europe continues to self-destruct.

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ARB Burrows

Chairman

22nd June 2012