Pre-Close Update

Mattioli Woods PLC
03 July 2007


Press Release                                                      3 July 2007

                               Mattioli Woods plc
                      ('Mattioli Woods' or 'the Group')

                                Pre-Close Update


Mattioli Woods plc (AIM: MTW.L), the specialist pensions consultancy, today
issues the following trading update in advance of its Final Results for the year
ended 31 May 2007, which are to be announced on 4 September 2007.



Bob Woods, Executive Chairman, comments:



'I am pleased to report that strong growth in our key revenue streams continued
into the second half of the financial year.  I am also delighted to report that
earnings are in line with our revised expectations, following the strong results
reported for the first half of the year.



'It is over a year since the Government introduced the 'A-Day' pension
simplification legislation and the self-invested personal pension ('SIPP') is
now accepted as the pension vehicle of choice for a wider audience.  We believe
the ongoing decline in final salary schemes, in which some £1.5 trillion is
currently invested, will act as the catalyst for further growth in the SIPP
industry.



'The consultancy team has added a record number of new schemes to our client
portfolio over the last 12 months.  Whilst there has been strong growth
throughout the SIPP market, we continue to focus on attracting high net worth
clients who require the ancillary services we offer, such as investment,
business and estate planning, in addition to our core pension administration and
consultancy services.  These additional services offer an opportunity for
further turnover growth and increased margins.



'Syndicated property investment is an increasingly important element of our
investment planning services.  During the year we facilitated the acquisition of
six properties on behalf of new syndicates, with the total portfolio now being
valued at over £60 million.



'Given the market opportunity, we have recently appointed a sales and marketing
manager to support our sales and marketing director.  This will allow the Group
to expand the seminar programme and introduce new marketing initiatives.



'Our continued commercial success is a great testament to the efforts of all our
staff.  Working as part of such an energetic and committed team gives me great
confidence we are well-positioned to achieve future growth.'



                                    - Ends -



For further information please contact:

Mattioli Woods plc
Bob Woods, Executive Chairman                     Tel: [phone]
[e-mail]                      www.mattioli-woods.com


Ian Mattioli, Chief Executive                     Tel: [phone]
[e-mail]                   www.mattioli-woods.com


Nathan Imlach, Finance Director                   Tel: [phone]
[e-mail]                  www.mattioli-woods.com


Evolution Securities Limited
Joanne Lake, Corporate Finance                    Tel: [phone]
[e-mail]                     www.evosecurities.com



Media enquiries:
Abchurch
Helen Spivey/Sarah Hollins                        Tel: [phone]
[e-mail]                   www.abchurch-group.com




Note to editors:



Mattioli Woods was established in 1991 by Ian Mattioli and Bob Woods.  The Group
provides pensions consultancy and administration services primarily to
owner-managers, senior executives and professionals.  Mattioli Woods' key
activities include complex pensions consultancy, the provision of self-invested
personal pensions ('SIPP') and small self-administered pension schemes ('SSAS'),
advice on related business affairs, including pension investment services and
the facilitation and administration of syndicated property schemes.  Its focus
is at the higher end of the market where clients require bespoke service and
specialist advice.



Mattioli Woods listed on the AIM market on 23 November 2005.








                      This information is provided by RNS
            The company news service from the London Stock Exchange