Trading Statement

Robert Walters PLC
16 December 2002

Robert Walters plc

16 December 2002

Trading update

Trading conditions remain challenging in most of the Group's markets. Net fee
income in the second half of the year is expected to be marginally below the
first half, and it is expected that trading profit in the second half of the
year will be around break-even after office closures and restructuring costs.
This includes five of the Group's smallest offices which have been closed in the
final quarter of the financial year, namely Frankfurt, Canberra, Gold Coast,
Darwin and Wellington.

The net cash position of the Group has strengthened since 30 June 2002 with cash
at bank and at hand in excess of £18m (June 30: £13.4m).

The Group currently sees no upturn in its markets and is continuing its focus on
productivity and costs .

Enquiries:

Robert Walters plc                    [phone]

Robert Walters   Chief Executive

Ian Nash         Finance Director

Brunswick                             [phone]

Patrick Handley

Fiona Fong

Mark Antelme


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