AGM Statement

CareTech Holdings PLC

("CareTech" or the "Company")

AGM Statement

CareTech Holdings PLC (AIM: CTH), a leading UK provider of specialist social care services, is holding its Annual General Meeting at 10.00am today.

At the meeting, Executive Chairman, Farouq Sheikh, will make the following statement:

"The trading performance of the Company continues to be in line with Directors expectations and, in our highly fragmented market, there are significant opportunities for further growth in market share.

Our strong levels of occupancy are supported by high quality care standards underpinned by the dedication and experience of our staff teams.

The Board believes that growth opportunities to consolidate the fragmented specialist care market are stronger than at any time since the company's flotation. The Company is well placed to grow earnings through attractively priced acquisitions following the recent announcement of a £15m share placing and advanced discussions regarding attractive new debt facilities. Caretech is currently reviewing a number of acquisition opportunities. The Board will continue to apply its rigorous appraisal metrics in assessing the numerous opportunities open to the Company to ensure acquisitions add depth and quality to Caretech's service portfolio and deliver sustainable attractive returns.

A further update will be provided ahead of the Company entering a pre close period in respect of the publication of its interim results."

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