Trading Statement

Savills PLC
28 November 2003

                                                                28 November 2003

                                  SAVILLS PLC
                          ('Savills' or 'the Company')


                            Full Year Trading Update


Savills, the International property adviser, is pleased to announce a trading
update for the year ending 31 December 2003, prior to the announcement of the
preliminary results on 2 March 2004.

Background

When we released our results for the six months ended 30 June 2003 on 3
September 2003 the Chairman reported that the Group remained cautiously
confident about the outlook for the full year as our broad base of international
business made us well placed to meet the challenges of 2003. Since then market
conditions have generally improved.

Main Business Streams

Transactional
Despite continuing weaknesses in leasing markets in London and the South East
there are signs of renewed tenant interest. There is still good demand for well
located out of town retail schemes.

Investment markets remain active with yields hardening; our international client
base has allowed us to take full advantage of these excellent market conditions.
In Asia there has been a marked upturn in market activity, particularly in Hong
Kong, where we are a leading Investment advisor.

After a very slow start to the year activity levels in prime residential have
recovered strongly. Sales of new homes have also increased with continuing
interest from investors.

Consultancy
Our consultancy business continues to make excellent progress across the board
as we constantly recruit new teams and individuals.

Property Management
Income from our Property Management business is very steady and we are looking
to expand this area of activity further. In Asia we are well established as a
market leader.

Facilities Management
The Hong Kong based facilities management business is again producing an
excellent performance, with a stable high quality income stream. Losses at our
associate Trammell Crow Savills have been reduced with the focus now on
blue-chip corporate clients.

Property Trading
Following the sale of The Mill Discount Department Store in June we have now
completed the sales of three further properties (two of which were held in joint
venture with co-investors); these will produce in excess of £3.5 million trading
profit.

Financial Services
Savills Private Finance is having an outstanding year and is performing well
ahead of plan.

Dividend
In view of the strong trading performance of the business and the substantial
cash balances the Board expects to recommend a significantly increased final
dividend.

Overview
With generally improved confidence in the UK economy and little impact so far of
increased interest rates, property markets, after a slow start, have performed
better in the second half of the year than expected. On this basis the Board
believes that the full year profits will materially exceed current market
expectations.

                                      Ends


For further information

Savills plc                                                        020 7409 9923
Aubrey Adams, CEO
Robert McKellar, Finance Director

Grandfield                                                         020 7417 4170
Marc Popiolek
Geoff Callow




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