Trading Statement

Anglo-Welsh Group PLC
18 July 2000


Anglo-Welsh Group Plc

Despite substantial improvement in year on year sales of canal boat hire
holidays, Anglo-Welsh announces that overall sales are below budget and that
expenditure is above budget. In particular trading performance in the
Company's wholly owned subsidiary, Time Afloat Limited, has been disappointing
with sales being slow in building up and costs unacceptably high. Trading
results will be adversely affected.

Stephen Thomson was appointed as an additional director of the Company on 17
April and since then has been appointed executive chairman.  In addition,
Michael Hill was appointed finance director of the Company on 9 June. 
Following these appointments, the board is conducting a thorough going review
of the Company's operations. There will be one off exceptional costs arising
from this review.

The Company expects to announce its interim results for the six month period
to 30 April 2000 on or before the end of July 2000.