RNS Number:9649K
City North Group PLC
12 May 2003

City North Group plc

Result of AGM

12 May 2003

The Board of City North Group plc ("City North" or "the Company") is pleased to
announce that at the Annual General Meeting of the Company held earlier today,
all of the resolutions proposed were duly passed.

At the meeting, Michael Sherley-Dale, Managing Director, commented, "Over the
five years since floatation, City North's shareholder funds have increased by
75% from #36.1m to #63.4m. We continue to believe that our commitment to raising
operating profits and adding shareholder value will be reflected in the long
term in the Company's share price performance.

In the immediate term, we are averaging a rental occupancy of 96% and anticipate
margin improvement in 2003. I am please to report that the Company is showing
its customary resilience in competitive markets."


Enquiries:
Michael Sherley-Dale                                  020 7932 0403
Managing Director                                     msd@citynorth.com



Ends


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