Trading Statement

Centaur Media plc 09 July 2009 Centaur Media plc ('Centaur' or 'the Group') Pre-close Trading Statement Centaur Media plc, the specialist business publishing and information group, today issues a pre-close trading statement for the year ended 30 June 2009, prior to its full year results announcement, scheduled for 17 September 2009. At the time of our interim management statement on 14 May 2009 we reported that the Group was trading in line with the Board's expectations despite very challenging trading conditions in our served markets. This position has remained broadly unchanged through to the end of the financial year. As reported at the time of the interim results announcement in February 2009, our cost reduction programme has resulted in total cost savings of approximately £10 million in the year to 30 June 2009 and a further £2 million next year. These savings are made up of both variable and fixed cost reductions principally arising from the discontinuation or sale of a number of under-performing peripheral products and the rationalisation of key business processes across the Group. Also as previously reported new terms have been agreed with Royal Bank of Scotland for a revolving credit loan facility of up to GBP£5 million maturing in June 2012. We are pleased to report that cash generation has remained strong throughout the second half of the financial year and that we had no requirement to draw on this facility at the year end, when we had net cash of approximately £0.5 million. Current outlook There is not expected to be any material change in trading conditions during the first quarter of the new financial year and the outlook for our served markets remains uncertain. The Group is well positioned to take advantage of any recovery as a result of core strengths including a portfolio of market leading brands, organic growth culture and strong balance sheet. Enquiries: Centaur Media plc Tel: 020 7970 4000 Geoff Wilmot, CEO/ Mike Lally, GFD Kreab Gavin Anderson Tel: 020 7554 1400 Robert Speed/ Anthony Hughes ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
UK 100