Mattioli Woods Regulatory News (MTW)

18 October 2012

Mattioli Woods plc

("Mattioli Woods" or "the Group")

AGM statement

Mattioli Woods plc (AIM: MTW.L), the specialist pensions consultancy and wealth management business, is today holding its Annual General Meeting at which Bob Woods, Executive Chairman, will make the following statement:

"As I set out in our recent final results statement, I am delighted the year ended 31 May 2012 represented another 12 months of strong progress for the Group, delivering both organic and acquired growth despite challenging economic conditions.

"Increasingly, we are both provider and adviser, a forward-looking and innovative approach designed to better meet clients' needs. The Retail Distribution Review ("RDR"), which the Financial Services Authority ("FSA") has scheduled to take effect from 1 January 2013, will bring major structural changes to the sector, creating enormous opportunity for forward-thinking organisations. Against this backdrop, I believe our rebranding last autumn was particularly well timed.

"As in previous years, client activity slowed over the summer months. Revenues in the second half of our financial year are generally higher than in the first half, due to occupational pension scheme year-ends often being in December or March and the fiscal year ending in April.

"We are now seeing increased activity following the launch of our discretionary portfolio management service in August. Early indications suggest we will enjoy a high take-up of this service from existing clients, enabling us to deliver them a better service whilst strengthening our recurring revenues.

"We are in the process of finalising our post-RDR proposition to investment advisory clients and while inevitably there are uncertainties in the short term as we transition the basis of this revenue stream from provider commissions to adviser charging, I believe the quality of future earnings from both our advisory and discretionary services will be significantly enhanced.

"We have a positive outlook for the current year and beyond. I believe the Group is better-positioned than ever to compete in the post-RDR world and am confident this will allow us to deliver another year of growth, in line with market expectations."

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Notes to editors

Mattioli Woods is one of the UK's leading and fastest growing providers of specialist pension consultancy and wealth management. Its core services and advice are targeted towards the higher end of the market including controlling directors, professionals, owner-managed businesses and small to medium-sized PLCs.

The Group is focused on the application and administration of self-invested personal pensions ("SIPPs"), small self-administered pension schemes ("SSASs"), personal investment and estate planning. Through Mattioli Woods and its subsidiary City Trustees Limited, a provider of bespoke pension administration, the Group now advises over 4,000 pension fund clients throughout the UK with assets under advice and administration in excess of £3.0 billion. For corporate clients we provide a comprehensive range of employee benefits services.

Mattioli Woods has a focus on providing the highest level of personal advice, maintaining very close relationships with all its clients. The strength of its personal relationships has led to high levels of client satisfaction, retention and referrals. Mattioli Woods provides clients with the following:

·; Pensions and investment consultancy

·; Personal wealth management

·; Bespoke pension scheme administration and trusteeship, particularly for SIPP, SSAS and Group schemes

·; In-house investment research and broking

·; Property syndication, through Custodian Capital Limited

·; A range of employee benefits services, through Kudos IFS Limited

·; Structuring of investment products tailored to a particular client's needs

·; Assistance and advice with securing preferential banking arrangements

For more information, please visit www.mattioli-woods.com, www.custodiancapital.com, www.citytrustees.co.uk and www.kifs.co.uk.