Interim Management Statement

Trinity Mirror PLC
08 May 2008


                               TRINITY MIRROR PLC

                          INTERIM MANAGEMENT STATEMENT

                         17 weeks ending 27 April 2008


Trinity Mirror plc is today issuing its first Interim Management Statement, made
in accordance with the UK Listing Authority's Disclosure and Transparency Rules.
It covers the first 17 weeks of trading to 27 April 2008 and describes the
Group's financial position and performance during the period, updated to the
latest practicable date.

We continued to make steady progress throughout the period with the development
of our strategy to build a growing multi-platform media business, via the launch
and acquisition of new products and services complementing our print offering,
the implementation of new technology platforms and new full colour presses along
with improved processes.

Outlook

The outlook for the UK economy remains uncertain with the ongoing adverse
implications of inflationary cost pressures, in particular energy and essential
food items, and the wider implications of the credit crunch. These market
conditions are adversely impacting consumer confidence and spending with the
effect that businesses are curtailing marketing budgets to offset the prospect
of slowing revenues. This has resulted in the advertising environment remaining
difficult and volatile in the period since our last update at the end of
February. Given this uncertain economic outlook for the UK we remain cautious
about trading prospects.

Against this background, management will continue to implement the Group's new
operating model which provides continued improvements and efficiencies to create
a more robust business. In addition we continue to build digital revenues. The
Group remains on track to deliver the incremental £7 million of cost savings
(£20 million annualised) by the end of 2008 and cost control and operating
efficiency remain at the core of our strategic focus. At this stage the Board
anticipates performance for the year to be in line with expectations.

Divisional performance

Revenue performance in the first 17 weeks of the year on an actual and
underlying basis was as follows:

Year on Year Change                                  17 weeks to 27 April 2008
                                                     Actual*        Underlying*
                                                          %                  %
Group revenue                                           0.3               (2.7)
Advertising                                            (3.1)              (4.3)
Circulation                                            (1.2)              (1.2)
Other                                                  29.8                0.7
Group digital revenue included in above                44.1               26.5

*  Actual includes acquisitions completed in 2007 and 2008 and service contracts
   in respect of the disposed businesses but excludes the disposals completed in
   2007. Underlying includes the impact of acquisitions completed in 2007 and 
   2008 as if they had been owned by the Group in the current and corresponding
   period and excludes revenue from the service contracts in respect of the 
   disposed businesses.

Actual Group revenues have increased by 0.3% while underlying revenues have
decreased by 2.7%.

Actual Group advertising revenues in the period have fallen by 3.1% reflecting a
decline of 3.2% for January and February and a decline of 3.0% for March and
April. On an underlying basis, advertising revenues have fallen by 4.3% with a
fall of 4.3% for January and February and 4.3% for March and April. Month on
month volatility remains and we expect this to continue for the remainder of the
year.

For our Regionals division actual advertising revenues in the period have fallen
by 3.1% reflecting a decline of 3.0% for January and February and a decline of
3.3% for March and April. On an underlying basis, advertising revenues have
fallen by 4.9% with a fall of 4.6% for January and February and 5.2% for March
and April. By category the actual performance for the period was display up
0.2%, recruitment down 1.7%, property down 6.8%, motors down 16.3% and other
classified categories were down 2.0%. On an underlying basis the decline in
recruitment and property advertising was 4.9% and 11.5% respectively. Within
advertising revenues, actual digital revenues have grown by 37.1% with an
underlying increase of 20.6%.

For our Nationals division actual advertising revenues for the period fell by
2.9%. This reflects a decline of 3.5% for January and February and a decline of
2.4% for March and April. Advertising revenues for the UK Nationals fell by 2.0%
and for the Scottish Nationals they fell by 5.2%. Within advertising revenues,
actual digital revenues have grown by 10.9%.

Actual Group circulation revenues for the period have fallen by 1.2% with a
decline of 1.1% for the Regionals and 1.3% for the Nationals. The Group
continues to increase cover prices on a little and often basis. In January 2008
we increased the cover price of our Sunday national titles. With the exception
of the Saturday editions, no change in cover price of our Daily national titles
has taken place.

Actual Group other revenues for the period have grown by 29.8%, reflecting the
benefit of acquisitions and service contracts, in particular printing, to the
disposed businesses. On an underlying basis other revenues increased by 0.7%
during the period.

Actual Group digital revenues for the period have grown by 44.1% with an
increase of 38.6% for the Regionals and 95.3% for the Nationals. On an
underlying basis Group digital revenues have grown by 26.5% with Regionals
growing by 20.5%.

Capital expenditure

We have completed the investment in our Nationals presses giving our national
and certain regional titles full colour. The investment required for the 12 year
printing contract for the Independent and Independent on Sunday which was
secured during 2007 will be completed in September 2008. In addition we have
continued with our programme of developing and modernising our publishing
operations across multi-media platforms through investment in our key IT
systems.

Financing

As expected net debt increased by £162 million from £248 to £410 million during
the period as follows:

                                                                            £m
Net debt as at 31 December 2007                                            248
Share buy back                                                              92
Acquisitions                                                                 5
Pension Contributions*                                                      68
Other cash flows**                                                          (3)
Net debt as at 27 April 2008                                               410

*   includes special pension contribution of £54 million and ongoing deficit
    funding payments
**  operating cash flows, capex, tax, interest, working capital

Undrawn committed facilities of £260 million are available to the Group. No new
financing facilities were procured during the period and no debt facilities were
repaid other than in accordance with their normal maturity date.

Acquisitions

During the period the Group completed the acquisitions of The Career Engineer
Limited and Rippleffect Studio Limited for a combined initial consideration of
£5.1 million with a potential deferred payment of up to £3.0 million subject to
the management of these business achieving stretching growth targets for revenue
and operating profits. Both acquisitions are included in the Regionals division
and strengthen our digital portfolio.

Share buy back

The £175 million share buy back programme announced on 19 December 2007 is
ongoing. At the Extraordinary General Meeting held on 29 February 2008 authority
was given by shareholders to enable the Company to purchase sufficient shares to
complete the buy back. As at 7 May 2008 the Group had acquired 31.4 million
shares for a total consideration of 98.6 million.

Enquiries

Trinity Mirror plc
Vijay Vaghela, Group Finance Director                   020 7293 3000
Nick Fullagar, Director Corporate Communications        020 7293 3622

Maitland
Neil Bennett                                            020 7379 5151

This Interim Management Statement is prepared for and addressed only to the
Company's shareholders as a whole and to no other person. The Company, its
directors, employees, agents or advisers do not accept or assume responsibility
to any other person to whom this Interim Management Statement is shown or into
whose hands it may come and any such responsibility or liability is expressly
disclaimed.  Statements contained in this Interim Management Statement are based
on the knowledge and information available to the Company's Directors at the
date it was prepared and therefore the facts stated and views expressed may
change after that date. By their nature, the statements concerning the risks and
uncertainties facing the Company in this Interim Management Statement involve
uncertainty since future events and circumstances can cause results and
developments to differ materially from those anticipated.  To the extent that
this Interim Management Statement contains any statement dealing with any time
after the date of its preparation such statement is merely predictive and
speculative as it relates to events and circumstances which are yet to occur.
The Company undertakes no obligation to update these forward-looking statements.




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