AGM Statement

Savills PLC
07 May 2003


                                                                      7 May 2003

                                 AGM STATEMENT


At today's Annual General Meeting of Savills plc, the international property
adviser, Chairman, Richard Jewson said:

'Trading in the first four months of 2003 has been unusually influenced by
external events.  The war in Iraq and uncertainty in financial markets have
particularly affected the confidence at the top end of the residential sector;
concerns about global economic slowdown continue to impact the corporate sector.

'Despite these external factors the Commercial Investment markets remain strong,
with continuing activity by European investors in the UK market.  As expected
Commercial Leasing activity continues to remain weak.  Residential markets are
slow with reduced volumes of transactions, particularly in London, although
elsewhere activity levels are similar to this time a year ago.  Our Consultancy
and Property Management businesses are performing well and Financial Services
has made an excellent start to the year.

'We remain confident that owing to the breadth of our activities and the quality
and flexibility of our businesses that we are well placed to meet the challenges
of the more difficult trading conditions which we continue to face.'

ENDS


For further information, please contact:

Grandfield
Marc Popiolek / Gareth Penn                             020 7417 4170


Notes to editors

Savills plc is a leading international property services company with a full
listing on the London Stock Exchange. The company has undergone dynamic growth
in recent years establishing itself as a powerful player on the international
stage with offices and associates throughout the UK, Europe, Asia Pacific and
Africa. In addition, Savills' strategic alliance with a top US full service real
estate advisory company, Trammell Crow Company, in North America, means that
clients have access to a network of offices in the US and Canada.

FPDSavills is the trading name for the property service subsidiaries of Savills
plc which advise on commercial, rural, residential and leisure properties.
Other services include corporate finance advice, property and venture capital
funding and a range of property related financial services.


                      This information is provided by RNS
            The company news service from the London Stock Exchange