Trading Update

Mattioli Woods PLC
12 December 2007

Press Release                                                   12 December 2007


                               Mattioli Woods plc

                       ('Mattioli Woods' or 'the Group')

                                 Trading Update

Mattioli Woods plc (AIM: MTW.L), the specialist pensions consultancy, today
issues the following trading update in advance of its Interim Results for the
six months ended 30 November 2007, which are to be announced on Tuesday, 19
February 2008.

Bob Woods, Executive Chairman, comments:

'I am pleased to report that we have continued to deliver strong growth over the
first six months of this financial year, despite unsettled investment markets.
Trading is in line with market expectations and demand for our pension
consultancy services remains buoyant.

'Retirement wealth management revolves around long-term investment planning and
the first half's trading has again proved the effectiveness of our fee-based
revenue model and macro-level investment approach.  In anticipation of difficult
investment markets our clients were advised to take profits by degree.  We have
seen increasing client cash balances, which have led to higher bank commission
income and will lead to increased investment planning work when more stable
markets return.

'Our clients are able to take a long-term view and recognise the current
commercial property market represents a buying opportunity.  During the period
we facilitated the creation of five new property syndicates on their behalf,
with a total value of £15.9 million (compared to £9.6 million in the same period
last year).

'We were delighted to announce the acquisition of Pension Consulting Limited 
('PCL') in July 2007 and I am very pleased with the successful integration of
PCL's business into the Group.  We have seen strong demand for our pension
consultancy and investment advice, with 100% retention of the acquired portfolio
achieved to date.

'We are keen to take advantage of the current growth in the self-invested
personal pension ('SIPP') market and are developing a number of new sales
initiatives.  In addition, our expectation that the final-salary market will
wither over the next few years has been supported by our Group scheme team
receiving five new instructions to provide consultancy on the wind-up of final
salary schemes.

'The demand for bespoke pension advice and administration is spreading through a
wider demographic and I believe we are well-placed to take advantage of the
opportunities this is creating.'

                                    - 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
Sarah Hollins / Justin Heath                          Tel: [phone]
[e-mail]                         www.abchurch-group.com




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