TGE Tge Marine

RNS Number:7794O
TEG Environmental Plc
12 July 2005


For Release                                                        12 July 2005

                             TEG ENVIRONMENTAL PLC

                           Chairman's AGM Statement

TEG Environmental plc ("TEG" or "the Company"), the leading edge green
technology company which converts organic wastes into natural organic
fertilizer, held its AGM in London today at 11:00am.

At the meeting where all resolutions were passed, Nigel Moore, Chairman, made
the following statement to shareholders: "We have achieved a number of goals in
the last 12 months. We have further strengthened our management team with the
appointment of Mick Fishwick as Chief Executive and Tanja Willis as Finance
Director, along with key middle management appointments.

"In March we had our first UK sale, a #925k contract with The City and Council
of Swansea. We have also been granted positive release status from the State
Veterinary Service at Sherdley Farm, the major hurdle in achieving full Animal
By-Products accreditation. TEG is one of the first companies to have met these
difficult requirements and is the first to offer the ability to efficiently
compost significant volumes of organic waste.

"I'm delighted to announce that this morning we signed a contract with Banham
Compost Ltd for the provision of 56 Silo-Cages, worth #2 million. Our project
pipeline is strong, with several "Build Own and Operate" projects at varying
stages of development as well as a number of direct sales appearing close to
completion. Several pieces of important legislation are being implemented this
year ensuring that 2005 is a key year in the general recycling sector and
particularly in the organic waste sector."

"Finally, Dick Bilborough, one of TEG's original founders, resigned from the
Board of Directors on Monday 11th July, although he will continue to work with
the Company in the consultancy capacity. I would like to thank him for his hard
work, tremendous energy and commitment to TEG over the last 10 years. He played
a significant role in the Company's flotation on Ofex and its move to AIM. We
wish him the best of luck for the future."

ENDS

For further information please contact:

TEG Environmental Plc:
Michael Fishwick 01772 422220

Binns & Co PR Ltd:
Hannah Sloane 020 7153 1480
Tarquin Edwards 020 7153 1483



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

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