Trading Statement

Savills PLC
1 July 2004


                                  SAVILLS plc

                          ('Savills' or the 'Company')

For Immediate Release                                                1 July 2004

                                 Trading Update

Savills, the international property consultants, is pleased to announce a
trading update for the half-year, prior to the interim results for the first
half of 2004, which are scheduled for release on 1 September 2004.

Overview

At the time of our Annual General Meeting the Chairman reported that Savills had
made a satisfactory start to 2004, with trading generally in line with
expectation and in some cases ahead. The current position is set out below:

Main Business Streams:

Transactional

The property investment market throughout the UK remains strong and although the
first three months saw a reduction in transaction volumes Savills now has a
strong order book with an increased number of instructions, both from vendors
and purchasers. There is continued demand for property from private and
institutional buyers both in the UK and overseas.

The European investment market is also very active and Savills is benefiting
from its strong position in that market. In Asia, we have seen an increase in
activity in the Commercial Leasing and Investment markets, particularly in Hong
Kong where we have a major presence.

Tenant demand in London and the South East has increased due to improving
business confidence and economic conditions. Regional markets outside London and
the South East have seen an increased demand for accommodation.

Residential markets in London have experienced a marked increase in the number
of sales compared to the same period last year but we have seen recently a slow
down in activity with prices leveling off; regional residential markets have
remained buoyant. Our under offer books are encouragingly high but we have seen
an increase in the time taken between exchange and completion.

Consultancy

Our Consultancy business has performed well and improved in line with business
confidence.

Property Management

The UK commercial Property Management business continues to grow and secure new
instructions, in particular benefiting from organic growth and key recruitment
where appropriate. Our strengthened Shopping Centre and Retail Leasing teams
should ensure marked growth in our fee income from the strong retail sector. The
Hong Kong operation has built its market share in asset management business,
successfully combining property management and tenancy management capabilities
and we are now developing this operation in China.

Facilities Management

Our Facilities Management business in Hong Kong remains competitive with a high
level of contracts renewed and continues to perform well. We are actively
pursuing and securing new contracts in new business areas, notably in China.

Property Trading

The Group's principal trading arm retains three key properties that it continues
to manage. These properties will be sold or transferred into fund vehicles as
appropriate in due course.

Financial Services

Our private client financial services business continues to perform strongly
ahead of plan.

Share Re-purchase Programme

Effective today, the Company has commenced an irrevocable, non-discretionary
programme to re-purchase its own shares during the close period, which commences
at the start of business today 1 July 2004, in accordance with Chapter 15 of the
Listing Rules and Savills plc's general authority to repurchase shares. Up to
500,000 shares may be purchased at a price of up to 475p until 1 September 2004.

Outlook

While interest rate increases will ultimately have an impact on the UK property
market as a whole and may give rise to some slow down, increasing tenant demand
and strong investment markets will ensure that commercial activity levels remain
high in 2004. Residential market volumes may reduce, though the current level
and quality of our order book means that a material impact on profitability is
not anticipated. The overall strength of the property markets in which we
operate means we are well placed to deliver satisfactory full year results.

ENDS

For further information, please contact:

Savills

Aubrey Adams                                 020 7409 9923

Grandfield

Marc Popiolek / Samantha Robbins             020 7417 4170



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