Results of AGM and Trading Update

THEO FENNELL PLC

("Theo Fennell" or "the Group")

Results of AGM and Trading Update

Theo Fennell PLC, the AIM-listed international, luxury jeweller, announces that at today's Annual General Meeting all proposed resolutions were duly passed.

Commenting on current trading, the Chairman, Rupert Hambro, issued the following statement:

''I am pleased to announce that the business has performed well over the last six months on all fronts with a number of new developments. Both our flagship and City stores have been upgraded; a number of new collections are now in stores ready ahead of the Christmas period and the first collections from our new Silver diffusion range are to be launched in our stores from the end of October. Our website and e-commerce store are currently being upgraded with a launch of the new site planned for early November.

We continue to explore opportunities with a number of new partners in key international markets including both the Middle and Far East and expect to secure additional distribution outlets this financial year. Given a large proportion of our customers are overseas based we do not envisage the increase in VAT from 4 January 2011 having a material impact on the Group.

Our expansion strategy is proceeding to plan which is reflected in good trading with sales for the first six months 11% ahead versus the prior year period.

Although we are encouraged by the continued growth in sales we remain cautious as we enter the key Christmas period given the ongoing challenging economic environment''