Half Year Trading Update

Savills PLC
25 June 2001

EMBARGOED UNTIL 7.00am - MONDAY 25th JUNE 2001

                                                                  25 June 2001

                                 SAVILLS PLC

                         ('Savills' or 'the Company')

                           Half Year Trading Update

Following the change of the accounting year-end to 31 December, and the
resultant half-year date moving to 30 June, we are adopting the increasingly
common practice of issuing a trading update for the six-month period prior to
the announcement of interim results scheduled for 5 September 2001.

Overview

At the time of our Annual General Meeting the Chairman reported that market
conditions had become more difficult and in particular the uncertainty in
financial markets had led to caution in the UK Commercial sector and in Asia
Pacific where levels of transactions had slowed. This still very much remains
the case although we do believe that activity will pick up towards the end of
the year.

Main Business Streams:

Transactional

The UK commercial investment market has been affected by general caution in
the financial sector and leasing markets have seen a greater than expected
decline in the demand for offices in particular from technology companies. In
Asia commercial leasing has been similarly affected, particularly by US based
multi-nationals reviewing space requirements.

Residential markets remain strong at the top end of the market with an
increased level of instructions. Our current book of properties over £1
million, exchanged or under offer, is higher than this time last year.

Consulting

Our broadly based consultancy business is performing strongly, in line with
expectations.

Property Management

The current nature of Property Management revenue means short-term variations
tend to be minimised and results are in line with plans.

Facilities Management

Our main facilities management subsidiary is the Guardian business based in
Hong Kong. We continue to win new instructions and the full year outcome is
likely to be in accordance with expectations.

Our associate company, Trammell Crow Savills, is at an early stage of its
development and we are making a substantial investment in building it to be a
major player in the facilities management market. We are pursuing a number of
major new contracts, inevitably involving significant costs, which will impact
on the first half.

Property Trading

Our main asset is Yorkshire Mill Village, which is taking longer to come
on-stream than anticipated. The scheme is fully let but we are still
reconfiguring the tenants, which together with launch costs will result in a
higher than expected loss for the year.

Financial Services

Our private client financial services business is performing strongly with
results ahead of plans and growth prospects remain excellent.

We have now sold our remaining 10% interest in Killik & Co. to the other
partners.

Results

The slowing down in the transactional business together with the higher costs
on the property trading side mean we expect that results for the full year may
be lower than current market expectations.

With our expectation that transactional activity in the UK Commercial sector
and Asia Pacific will pick up in the coming months, we believe that results
for the full year will be weighted towards the second half.

Ends



For further information
Savills plc                                                       020 7409 9923
Aubrey Adams, CEO

Grandfield                                                        020 7417 4170
Simon Buerk / Harry Hunt