Interim Management Statement

Berkeley Group Holdings (The) PLC
13 March 2008


                                                                   


                        The Berkeley Group Holdings plc
                                        
                          Interim Management Statement
                                        
               Period from 1st November 2007 to 31st January 2008


The Berkeley Group Holdings plc ('Berkeley') is delighted to announce its
Interim Management Statement in respect of the period from 1st November 2007 to
31st January 2008, as required by the UK Listing Authority's Disclosure and
Transparency Rules.


Berkeley operates under a clear and unambiguous strategy which recognises the
market is cyclical and that Berkeley has a natural size. This strategy has
ensured that the fundamental components of Berkeley's business are very strong.
We recognise that customer confidence has been weakened by the deterioration in
the credit markets, however, these current market conditions play to Berkeley's
strengths of a conservative balance sheet, a strong forward sales position and
the intrinsic value in our land bank. Berkeley's sales reservations in the last
four months are approximately 20% below historic levels but this must be
balanced with the favourable market conditions upon which Berkeley capitalised
in the first half of the year. These are the conditions for which we planned and
do not alter Berkeley's ability to meet its revised strategy that was initiated
under the Scheme of Arrangement.


Berkeley is an added value developer that places a premium on generating quality
earnings and balance sheet value as opposed to a primary focus on the income
statement. Berkeley has now secured the sales required to meet the Board's
expectations for its full year results for the year ending 30th April 2008 to be
announced on 27th June 2008, which it expects will be at the higher end of
analysts' expectations. With forward sales for the year ended 30th April 2009
and beyond already well in excess of the levels of forward sales at 
30th April 2007, Berkeley is also well placed for the future.


There can be few developers as well positioned as Berkeley to sustain their
performance during this period of market uncertainty and, at the same time, be
in a position to take advantage of opportunities to invest for the future.
Longer term, the fundamental characteristics of the market, namely, restricted
supply, historically low interest rates, high levels of employment and London's
place as a leading World City are unchanged, thereby underpinning sales values.


In accordance with the approval from shareholders obtained at the Annual General
Meeting on 5th September 2007, Berkeley redeemed the 2008 B share of £2 per
share on 4th January 2008, twelve months ahead of the original schedule. This
brought the total amount returned to shareholders since the Scheme of
Arrangement was approved by shareholders in October 2004 to £9 per share. It
remains Berkeley's intention to make the final (2010) B share payment of £3 per
share ahead of its original scheduled payment date of January 2011.


Finally, Berkeley was delighted to win the prestigious 'Climate Change' category
at the 2008 Sustainable Cities Awards organised by The City of London
Corporation last month. This is further recognition of our commitment to
sustainability and determination to drive the sustainability agenda within our
industry.


                                      END


For further information please contact:


The Berkeley Group Holdings plc                 Cardew Group

A W Pidgley                                     Tim Robertson
R C Perrins                                     Sofia Rehman
T: 01932 868555                                 T: 0207 930 0777



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