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29 September 2009

AGM Statement

At today’s Annual General Meeting of The Clapham House Group PLC (“Clapham House” or “the Group”), the following statement will be made by David Page, Clapham House’s Chairman:

“Revenue across the Group in the first half of the financial year to March 2010 is some 2% higher than in the same period last year.

In the UK our trading environment and outlook remain challenging, especially in our Tootsies business. The restaurant industry continues to see widespread discounting and promotional activity with consequent impact on net margins.

Yesterday, we opened our 50th Gourmet Burger Kitchen (“GBK”) restaurant in the UK at Clink Street on London’s South Bank. Given the economic outlook, we continue to be cautious in terms of future openings although we are looking to identify similarly strong locations on attractive terms.

Our franchise partners have opened two new GBK restaurants in the Middle East in the first half, taking the total number of GBK restaurants overseas to 13. In addition, in July we signed a new franchise partner for the development of GBK in Greece, where the first restaurant is expected to open before the end of the year.”