Trading Statement

OneMonday Group PLC
29 May 2001


29th May 2001

                              ONEMONDAY GROUP PLC


                                TRADING UPDATE


OneMonday Group plc, which owns an international portfolio of largely
technology-focused public relations consultancies, has reported a further
sharp deterioration in trading conditions since it announced its interim
results in April.  As a result profit before tax in the current financial year
is likely to fall significantly short of last year's figure of £2.7m before
flotation expenses.



The most difficult trading conditions within the Group continue to be
experienced in the USA, where over the past four weeks a number of large and
well-funded corporate clients have substantially and unexpectedly reduced
expenditure on public relations.  These reductions represent a scaling back of
previously committed expenditure and were wholly unanticipated by the Group.
Furthermore, whilst trading in markets such as South Africa, India and
Singapore remains satisfactory, the slowdown that has been causing
difficulties in the USA for the past five months is now starting to make
itself felt within certain parts of the Group's European client base.



The Group is responding to these difficulties by further restructuring its
operations.  This has principally involved redundancies at all levels
throughout the Group in the USA and Europe, and this will in turn give rise to
exceptional restructuring costs in the full-year figures.



Looking forward, the Group believes that once the restructuring has been
completed, satisfactory margins should again be achieved.





For further information:


Hogarth Partnership Limited                    Tel: [phone]

Nick Denton