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07 September 2004

AGM Statement 2004

At today’s Annual General Meeting, David Page, Chairman of The Clapham House Group PLC (“the Company” or “Clapham House”), will make the following comments on the Company’s trading and prospects :

Since their respective acquisitions, The Real Greek and The Bombay Bicycle Club have been successfully integrated into Clapham House and both businesses are currently trading ahead of our expectations.

The Real Greek

A new Real Greek Souvlaki & Bar opened in a premium location on London's South Bank in the first week of July 2004 and has traded excellently in its initial weeks. Encouraged by this success, we are currently negotiating on a number of further properties for The Real Greek.

The Bombay Bicycle Club

The Bombay Bicycle Club restaurant and delivery kitchens have performed well since their acquisition in April 2004. A new Bombay Bicycle Club restaurant is under construction in Hampstead and will open in the autumn. Four further properties are currently under offer and with lawyers.

Corporate Development

We are also negotiating on several further potential acquisitions. We are confident that one of these will become the Company's third platform format, comfortably inside the two years we set ourselves for completing our three initial acquisitions at the time of the Company's admission to AIM.

Negotiations to acquire property packages are also ongoing with a number of parties, although we have made it clear in these discussions that we are not prepared to pay uneconomic prices for packages of sites.

Outlook

As a Board we are delighted with the nature and speed of progress made to date in achieving the Company's strategic aim of building a group of high growth restaurant and delivery formats.