Trading Statement

Character Group PLC 12 April 2005 Issued by Citigate Dewe Rogerson Ltd, Birmingham Date: Tuesday, 12 April 2005 Immediate Release The Character Group plc ('the Company') Trading statement As indicated in the AGM statement on 19 January 2005, the trading results for the first half will prove to be disappointing. Unfortunately, this has proved to be the case and the Company expects to announce a loss before taxation in the region of £2 million which is worse than original expectations. The Directors believe that results for the second half of the current financial year will be significantly ahead of those achieved over the corresponding period for last year, but given the losses expected to be incurred in the first half, the Company currently expects that results for the full year will not meet current market expectations. The Company will make a further statement on current trading when it announces its results for the six months ended 28 February 2005 which is expected to be on Thursday 21 April 2005. Enquiries: Richard King, Chairman Fiona Tooley, Director Kiran Shah, Group Finance Director Katie Dale, Senior Account Manager The Character Group plc Citigate Dewe Rogerson Tel: 020 8949 5898 Tel: 0121 455 8370 Mobile: 07836 250150 (RK) Mobile: 07785 703523 (FMT) Mobile: 07956 278522 (KS) Mobile: 07770 788 624 (KD) www.charactergroup.plc.uk --------------------------- This information is provided by RNS The company news service from the London Stock Exchange
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