Trading Statement

Mears Group PLC 27 January 2003 Mears Group PLC Trading update The Board of Mears is pleased to announce that trading for the year ended 31 December 2002 is expected to be ahead of market expectations. This is a result of a continuation of increased turnover, improved operating margins and controlled costs. The current year has started well with a strong order book and a sound balance sheet which form a basis for expected further improvements and expansion in the support services and related markets. The full year results will be announced on 2 April 2003. Commenting on the results Bob Holt, Chairman said: 'The Group is better placed to maximise the market opportunities than at any time in its history. I am delighted with our progress to date as we continue to build a strong brand, profitably in a growing sector. The support services sector has seen a downgrading as a result of problems experienced by a small number of companies. We have not been affected by the problems and I believe that Mears will benefit in the coming months as the investment community at large seek out companies with quality, cash backed earnings. The Board of Mears is confident for the year to come.' Enquiries: Bob Holt, Chairman 07778 798 816 This information is provided by RNS The company news service from the London Stock Exchange

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Mears Group (MER)
UK 100

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