AGM Statement

Next Fifteen Communications Grp PLC
28 January 2003

28th January 2003





                               AGM TRADING UPDATE





I am pleased to report that Next Fifteen Communications Group's recovery
continues despite a backdrop of sustained uncertainty in global markets and
depressed levels of spending on public relations and marketing services.  With
five months of the financial year behind us, the Group's business is trading in
line with the forecasts in the market, and the Board remains confident of making
further progress in the year to 31 July 2003.



At the time of last year's AGM, the Board was rightly sceptical about the
chances of a recovery in PR spending during 2002, and the largest players in
London's quoted marketing services sector now believe that marketing budgets
will remain depressed until 2004.  Next Fifteen's last set of full-year figures
demonstrated that the Group can operate profitably and generate cash in
depressed times, and this trend is continuing into the new financial year.
While some of the Group's markets in mainland Europe and Asia Pacific remain
difficult, overall we are seeing a healthier picture with powerful performances
in the UK from AUGUST.ONE, which was recently appointed by cereal and snack food
producer Jordans, and Bite Communications which has been appointed by Duracell,
Lycos and Carphone Warehouse.  Furthermore, in the Group's largest market, North
America,  Text 100 has achieved a string of new business wins including NTT
Verio, Brocade and IXOS.



It's now more than two years since technology companies led the global economy
into a downturn, and the necessary rescaling by the Group has been successful to
a point where increased profitability is again being achieved in the absence of
any recovery in the overall level of PR and marketing budgets.  Indeed while
others in the marketing services sector continue to report difficulties it is
pleasing to see that Next Fifteen Communications Group is outperforming a
depressed market with improving profitability and stable revenues.  This,
coupled with a strong balance sheet and substantial cash balances, gives the
Board confidence that the Group is strongly positioned to profit from any future
growth in budgets.



                                      ENDS



For further information, please contact:


Next Fifteen Communications Group plc


Tom Lewis, Chairman                                             07802 609661
Tim Dyson, Chief Executive                                      001 415 350 2801
David Dewhurst, Finance Director                                020 8996 4154


Hogarth Partnership Limited


Nick Denton                                                     020 7357 9477




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