AGM Statement

AGM Statement 

    LONDON--(BUSINESS WIRE)--May 8, 2003--

BOVIS HOMES GROUP PLC

ANNUAL GENERAL MEETING

THURSDAY, 8 MAY 2003


CHIEF EXECUTIVE'S STATEMENT

The record trading profits produced in 2002 were supported by a
further strengthening of the Group's asset base, a high return on
capital employed and strong cash generation. All operations produced
excellent results. The new Northern Region performed particularly well
in its first year as an independent operation and is well established
to produce good results in the future.

As stated on 10 March when our preliminary results were announced, the
fundamentals affecting the industry remain sound. The market, which
was adversely affected by the Middle Eastern conflict, has now
returned to a more normal level of activity. A number of sites are
being launched over the coming weeks thereby providing an enhanced
base from which to achieve our projected profits for 2003. To date we
have experienced price increases over budget and, based upon an
ongoing stable economic environment, the Board anticipates that 2003
will be another successful year.

For further information:

Malcolm Harris
Chief Executive, Bovis Homes Group PLC
Tel: [phone]

Andrew Best / Emily Bruning
Shared Value Ltd
Tel: [phone] / 5027

   Short Name: Bovis Homes Group
   Category Code: AGM
   Sequence Number: 00004622
   Time of Receipt (offset from UTC): 20030508T111632+0100