Interim Management Statement

Berkeley Group Holdings (The) PLC
05 September 2007



FOR IMMEDIATE RELEASE                                           5 SEPTEMBER 2007


                        The Berkeley Group Holdings plc
             AGM Trading Statement and Interim Management Statement


At The Berkeley Group Holdings plc's ('Berkeley's') Annual General Meeting 
('AGM') being held today, the Chairman, Victoria Mitchell, will make the
following statement which comprises the Group's first interim management
statement in respect of the period from 1st May 2007 to 31st July 2007, as
required by the UK Listing Authority's Disclosure and Transparency Rules:


'The London market continued to provide a favourable environment for Berkeley to
operate in during the first quarter of its financial year. Outside London, the
market in the South East is satisfactory. This suits Berkeley's strategy as this
market requires a considered approach to development ensuring the product is
carefully matched to the local market in terms of quality, price and location.


'Berkeley fully benefits from prevailing market conditions because it takes the
necessary time to set its sites up properly - beginning with consultation with
stakeholders and creative and sympathetic design, through a disciplined
construction process, resulting in the high quality product demanded and
appreciated by its customers - thereby maximising returns for its shareholders
and creating sustainable communities for the future.


'As a consequence, the performance of the Group is in line with the Board's
expectations for both the six months ending 31st October 2007, the results for
which will be announced on 7th December 2007, and the full year ending 30th
April 2008.


'In April 2007 we announced the establishment of a new joint venture arrangement
with Saad Investments Company Limited to acquire long term development sites
that, due to the capital requirement and/or relatively long planning lead time,
could not be accommodated within Berkeley's normal acquisition criteria but are
suited to joint ventures. I am delighted to report that, in the first quarter,
Saad Berkeley Regeneration Limited has acquired its first site with others under
review. In what remains a highly competitive land market, this is an excellent
source of land for the Group.


'As announced with the Group's results for the year ended 30th April 2007 on
29th June 2007, it remains Berkeley's intention, subject to shareholder approval
at today's AGM, to accelerate the payment of the 2008 B share of £2 per share by
12 months to the beginning of January 2008. This will bring the total amount
returned to shareholders since the Scheme of Arrangement was approved by
shareholders in October 2004 to £9 per share. It also remains Berkeley's
intention to make the final (2010) B share payment of £3 per share ahead of its
scheduled date of January 2011.'


                                      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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