AGM Statement

Mears Group PLC
02 June 2004

Trading Update

At the company's Annual General Meeting held at 12.30 p.m. today, Bob Holt,
Chairman, issued the following statement:

'The year has started well with the Group continuing to win new orders.

The acquisitions made last year have been integrated and the turn-round of the
Scion business is largely complete.

The strong order book has resulted in buoyant trading results for the year to
date. This leads the Board to be confident that the Group will exceed current
market expectations for the year.

A further update will be given on 31st August 2004 at the time of the
announcement of the interim results for the 6 months to 30 June 2004'.


Contact:

Mears Group PLC

Bob Holt, Chairman                         0777 8798816

David Robertson, Finance Director          0788 7705357


NOTES TO EDITOR:

•    Mears Group PLC is the leading provider of a range of services to social 
     landlords.

•    The services provided include response maintenance, void refurbishment, 
     planned preventative maintenance, improvements to meet the 'Decent Homes 
     Standard' and estate management.

•    Profits have shown an annual compound growth rate of 43% since Mears was 
     listed on the Alternative Investment Market (AIM) in October 1996. The 
     Group was awarded the AIM Company of the year award in 2003.

•    The Mears mission is to be the market leader in transforming the social 
     housing environment, improving homes, improving neighbourhoods and
     improving lives.

Further information is available on our website www.mearsgroup.co.uk


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