RNS Number:0104N
Ambient PLC
01 July 2003


For immediate release
1st July 2003

                                  AMBIENT PLC

                STATEMENT BY CHAIRMAN AT ANNUAL GENERAL MEETING
                                   JULY 2003

At the Annual General Meeting held today, the Chairman, Vincent Isaacs, made the
following statement:

"The Group operating results for the year ended 31st January 2003 as reported
were in line with market expectations and I am very pleased to report that there
has been a further improvement since then in the performance of all the
companies and most importantly Moneybox.

At the end of April, when we reported our annual results, I stated that I
believed that Moneybox should start making an overall profit for the first time
during the quarter ending 31 July 2003. I am delighted to report that Moneybox
achieved that milestone in May this year at the retained earnings level, as a
result of excellent profitability of #200,000 in the UK business and controlled
investment and expansion into Holland and Germany.

As stated in April, our clear strategy is to concentrate our resources on
Moneybox to best enhance shareholder value. I am sure you will appreciate that
the rate of progress for your Group over the first six months of 2003 has been
considerable. We are anticipating that the level of activity during the latter
part of this year will be intensified, with positive benefits for all
shareholders."


For further information please contact:

Ambient plc                                               020 7452 5200
Vincent Isaacs  Executive Chairman
Andrew Stimpson Group Managing Director

www.ambientplc.com
www.moneybox.co.uk
www.bbriefings.com
www.touch.co.uk
www.emp.tv
                                                          020 7606 1244
Merlin Financial
Paul Lockstone / Clare Maciocia


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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