Trading Statement

Trading Statement 

    LONDON--(BUSINESS WIRE)--July 2, 2003--

                        BOVIS HOMES GROUP PLC
                        PRE-CLOSE PERIOD UPDATE

Bovis Homes, prior to entering into its close period for the interim
results for the six months to 30 June 2003, is today issuing an update
trading statement.

As advised at the Annual General Meeting on 8 May 2003, the market was
adversely affected by the Middle Eastern conflict earlier in the year
and has now returned to a more normal level of activity. We continue
to focus upon margins, return on capital employed, long term
investment and cash generation. This focus enables us to anticipate an
increase in profits for the half year in line with our expectations.
These results will be generated from a lower volume of legal
completions than last year. Average sales prices and margins have
increased above budget and the comparable levels in 2002.

Our overall current sales position for the first six months, although
below last year, is in line with the comparable period of 2001. This
year, however, we have the benefit of additional outlets which are now
in production and will contribute additional revenue in the second
half year. Retirement Living has also recently successfully launched
two new developments with a third programmed for later this month,
which will enable that operation to deliver additional revenue and
profits for the full year.

Based upon the continuing 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]

   Short Name: Bovis Homes Group
   Category Code: TST
   Sequence Number: 00006572
   Time of Receipt (offset from UTC): 20030701T165023+0100