Trading Update

Persimmon PLC 16 December 2005 TRADING UPDATE - FRIDAY 16 DECEMBER 2005 Persimmon plc announces the following trading update ahead of its Preliminary Results to 31 December 2005, which will be announced on Monday 27 February 2006. Persimmon expects once again to report an increase in legal completions to c. 12,600 in the year to 31 December 2005 (2004: 12,360). We expect turnover to be c. £2.3 billion, which would be an increase of 8% against 2004 (2004: £2.13 billion). Average selling prices for the full year are expected to be c. £180,500 (2004: £172,431), a c. 5% increase compared to 2004. We therefore expect to announce another set of strong results, in line with the Board's expectations. As commented upon at the time of the announcement of our Interim Results on 23 August 2005 and again on announcement of the offer for Westbury, market conditions have continued to require the use of selective incentives and additional marketing support. However, by continuing to focus on strict control of build costs and increased overhead efficiencies we have managed to achieve satisfactory operating margins in the second half of the year. Sales rates during the autumn months have been good. We therefore expect our carried forward sales into 2006 to be at similar levels to 2005 at c. £550 million. The number of current site outlets open is, as expected, slightly ahead of the same time last year with more than 120 new outlet openings planned for the first half of 2006. We are looking forward to completing the planned acquisition of Westbury in the New Year and we are well positioned to develop our business further during 2006. For further information, please contact: Persimmon plc Finsbury John White, Group Chief Executive Edward Orlebar/ Kirsty Flockhart Mike Killoran, Group Finance Director Tel: 020 7251 3801 Tel: 01904 642199 Print resolution images are available for the media to download from www.newscast.co.uk This information is provided by RNS The company news service from the London Stock Exchange

Companies

Persimmon (PSN)
UK 100

Latest directors dealings