AGM Statement

Trinity Mirror PLC 9 May 2002 9th May 2002 AGM Statement The following statement, provided to shareholders by the Chairman of Trinity Mirror plc, Sir Victor Blank, at today's Annual General Meeting, is released to the UK Listing Authority: 'During the first four months of 2002, the Group has continued to make significant progress in the implementation of the strategies for its key businesses. The 'from Biggest to Best' strategy within the regional newspaper division continues to deliver ahead of our expectations and further opportunities for improved performance have been identified. The strategic development of our national newspaper portfolio is less advanced. The implementation of the Daily Record's strategy commenced at the beginning of the year and the relaunch of The Mirror brand kicked off in mid April. Although at an early stage of development, the feedback relating to the national titles is positive. Circulation revenue has continued to provide an underlying stable base for the Group against a background of an advertising market that, for the first four months of this year, has remained tough. Within the regional businesses there appears to be an improving trend in advertising performance, with total advertising revenue down, year on year, by 2.8% in the first four months (and recruitment advertising down by 5.2%). There is, however, a clear difference between the South East and London and elsewhere in the UK in regional newspaper advertising growth trends, with total advertising revenue in the South falling by 13.3% (and recruitment advertising down 23.8%) and the remainder of the regional newspaper operations achieving growth of 1.5% (with recruitment advertising revenues growing by 3.2%). Display advertising within the Group's national newspapers has continued to be extremely volatile and weak throughout this period, with a resulting decline in advertising revenue for the business of 12.7%. At this stage, the directors believe it is prudent to plan on the current advertising conditions remaining throughout most of the year. However, given our trading performance to date, the Board continues to have confidence in the financial outcome for the year.' Enquiries: Philip Graf/Margaret Ewing, Trinity Mirror 020 7293 3000 Rupert Younger, Finsbury 020 7251 3801 This information is provided by RNS The company news service from the London Stock Exchange

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