AGM Statement

Serco Group plc                                

                                 AGM Statement                                 

At today's Annual General Meeting Kevin Beeston, Executive Chairman of Serco
Group plc ('Serco'), will make the following comments on current trading:

'Serco has made a very good start to 2005 and is trading in line with
expectations. Our base of around 600 contracts continues to deliver the strong
organic growth that is the bedrock of the business. In addition, so far this
year we have won or been appointed preferred bidder for new contracts valued at
around £1.9bn.

'In February we signed the Defence Academy Campus Integrator contract with the
UK Ministry of Defence. This contract, valued at around £400m to us over 24
years, started on 1 April. In March our joint venture with Equion was appointed
preferred bidder for the Leicester University Hospitals Pathway PFI. The
associated operating contract will generate around £1.2bn of revenues for Serco
over 35 years. Also in March, we were appointed preferred bidder for a 30 year
contract to operate and maintain a rapid rail transit line in Vancouver,
Canada, along with our partner SNC-Lavalin. The contract will be worth around
C$500m to Serco.

'Other key events during the first four months of the year included the
successful phasing-in of our largest ever contract, Northern Rail, which is
performing strongly. We also completed the acquisitions of ITNET plc in
February and RCI Holding Corporation in March. The integration of both
businesses is proceeding well and they are performing in line with our
expectations. We are encouraged by the prospects of both businesses and have
begun the process of identifying revenue synergies.

'Overall, market conditions for the Group remain favourable. We continue to see
more opportunities than we can bid for, allowing us to be selective in seeking
new growth opportunities. We remain confident of our ability to deliver strong
and profitable growth, both this year and for the foreseeable future.'

                                   - Ends -                                    

For further information please contact Serco Group plc: T [phone]

Dominic Cheetham, Corporate Communications Director

Richard Hollins, Head of Investor Relations

Notes to editors

Serco is one of the world's leading service companies operating on an
international basis in a diverse range of sectors, including health, education,
science, local government, transport, justice and defence. More information can
be found at www.serco.com.