RNS Number:9987N
CybIT Holdings PLC
28 July 2003


                               CYBIT HOLDINGS PLC
                           ("Cybit" or the "Company")

                                 AGM STATEMENT

At today's AGM of Cybit Holdings plc Neil Johnson, Chairman, will make the
following statement:

"I am pleased to report that, despite continued general softness in commercial
markets, Cybit's start to the current financial year has been extremely
satisfying. As indicated in the annual report, our first quarter revenues have
continued to perform strongly and are expected to be slightly in excess of
#2.1m. This is in line with market expectations and is a substantial increase
over revenue of around #1m achieved during the same period last year.
Performance in the first quarter encourages us to believe that our target of
breaking into profit in the current year remains achievable.

I am able to report that during the same period, orders received from new and
existing customers have been particularly strong and the Company has achieved
levels of growth which have nearly doubled our order intake compared with the
same period last year. It is particularly pleasing that our developing strategic
partnerships, in particular Lex Vehicle Leasing, have made a substantial
contribution to this growth and we now enter our second quarter with a strong
order book.

Cybit is also in final contractual negotiations with a number of strategic
reseller partners, further details of which we expect to announce in due course.
Development of an effective reseller channel will provide Cybit with new routes
to market and is a key component of the Company's strategy to develop revenue
streams from indirect sources.

Finally, I should like once again to thank Richard Horsman our Chief Executive,
his team and my colleagues on the plc board for all their hard work in
continuing the success of your Company in the current year."

Enquiries:

Richard Horsman             Chief Executive, Cybit       01480 389 100
                            Holdings Plc

Jonathon Brill/Charlotte    Bell Pottinger Financial     020 7861 3232
Kirkham



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

END
AGMUVABRORRBUAR