Cashbox PLC - AGM Statement

RNS Number:2628M
Cashbox PLC
22 January 2008

Cashbox plc
("Company")

AGM statement

At the AGM being held today, the Company will give the following update on
trading:

Installation of machines during the six months ended 31 December 2007, after
starting slowly, increased during the period and on 31 December 2007 the
installed base of transacting machines was 1,820 compared to 1,442 at 30 June
2007, representing an increase of 26% to the installed base.

Transaction revenues for the six month period ended December 2007 were up
slightly on each of the six month periods ended 30 June 2007 and 31 December
2006. Despite a greater number of installed machines, transaction volumes per
machine were lower following reduced activity levels in some of the outlets
where the Company's machines are located. Gross margins improved significantly
as a consequence of the increased proportion of placement machines which are
owned by the Company and where a greater proportion of the transaction fee is
retained.

The Group expects to report on the Interim Results for the 6 months ended 31
December 2007 during March 2008 and which will be the Company's first results to
be reported under International Financial Reporting Standards.

For further information:
Cashbox PLC 01256 441000
David Auger, CFO
Threadneedle Communications 020 7936 9606
Josh Royston/Graham Herring
Seymour Pierce 020 7107 8000
Jonathan Wright
Fairfax I.S. PLC 020 7598 5368
Ewan Leggat
Notes to the Editor:

Cashbox PLC
Cashbox is a leading independent ATM deployer (IAD) whose estate spans the
length and breadth of the UK. Cashbox installs and operates its estate of ATMs,
with sites throughout the UK where there is a demand for cash withdrawal
services and where customers are willing to pay a convenience fee.

The Company differentiates itself from other UK ATM suppliers by offering the
Placement Model, whereby the ATM is purchased by Cashbox under lease hire. The
ATM is FREE to the merchant. The machines are replenished by the merchant,
eliminating the need for third party cash handling costs. The Company also
focuses heavily on post placement marketing backing as well as technical support
and service via its in-house 24/7 helpdesk that is supported by a team of
Cashbox trained and certified personnel.

Cashbox was granted membership of LINK in March 2004, allowing Cashbox to
incorporate its ATMs in the LINK network. Cashbox also has a Bank of England
settlement account and became the first IAD in the UK to become completely
compliant with the Triple DES security standard in June 2004.

The Company is listed on the AIM market of the London Stock Exchange.

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

END
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