RNWH Renew Holdings Plc

RNS Number:0272Q
Renew Holdings PLC
24 January 2007


Renew Holdings Plc
('Renew' or the 'Group')

AGM Statement

At the Group's Annual General Meeting to be held today, Roy Harrison, Chairman
of Renew will say the following:

"I am pleased to report that trading for the first quarter of the year has been
satisfactory and that the Board remains confident of reporting increased
profitability in line with expectations at the half year. Our strategy of
focusing on specialist construction services is securing a higher quality of
work which is improving margins. The Group's current firm order book is #202.5m,
more than two thirds of which is either negotiated or from framework agreements.

"Since announcing the 2006 results at the end of November, we have completed the
sale of the UK development project, Transpennine 200, enabling us to redeem the
related development loan so that today the Group has no bank borrowings and a
cash balance of approximately #20m.

"I look forward to reporting on further progress at the time of the Group's
interim results, which will be announced on Tuesday 22 May 2007."


                                                                 24 January 2007


Enquiries:

Renew Holdings Plc                                    Tel: 020 7522 3200
Brian May, Chief Executive
John Samuel, Group Finance Director

College Hill                                          Tel: 020 7457 2020
Matthew Gregorowski



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