Statement re New Banking Facilities

Statement re New Banking Facilities

Bovis Homes Group PLC

Bovis Homes Group PLC

New Banking Facilities Agreed

29^th December 2008

Bovis Homes Group PLC is pleased to announce that it has today signed a new banking deal with its existing relationship banking group, replacing its existing £220 million bilateral banking facilities with a new syndicated facility. This new facility provides the Group with committed facilities through to 2011: commencing at £220 million, and reducing to £160 million over its life. The facility includes a covenant package which is more appropriate for the current trading conditions in the Housebuilding marketplace than those contained within its existing facility agreements, and pricing has moved upwards to be more reflective of current market trends. More details will be provided together with the Group's full year trading update in early January.

Enquiries:	Â	Â	Â	Bovis Homes Group PLC
				David Ritchie, Chief Executive
				Neil Cooper, Group Finance Director
				Tel: [phone]
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				Shared Value Limited
				Emily Bruning
				Tel: [phone]