Trading Statement

Savills PLC
11 January 2006

For immediate release                  11 January 2006

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

                            Full Year Trading Update


Savills, the international property advisor, is pleased to announce a trading
update for the year ending 31 December 2005.


Background

When we released our results for the six months ended 30 June 2005 on 7
September 2005 the Chairman reported a particularly good performance in the
commercial markets, both in the UK and overseas.  Whilst the UK prime
residential markets had a slow start to the year, the London prime market
improved in the second quarter and the Board remained confident that the growing
spread of Savills' business both on a geographical and product basis meant that
we were well placed to achieve good results for the full year.  That confidence
was justified and we set out below an update of our trading position for the
year ended 31 December 2005, prior to the announcement of the preliminary
results on 8 March 2006.


Main Business Streams

Transactional

Office markets in London and the South East showed increasing signs of recovery
in the final quarter of the year and the regional markets remain stable.  Tenant
demand for the best retail schemes, both in and outside of town centres,
remained strong.

Commercial investment markets remained very active in 2005, with demand
continuing to outstrip supply. As a result commercial property investment yields
have hardened.  Investors still see commercial property as an attractive asset
class and demand remains strong; Savills has been well placed to take advantage
of these excellent market conditions.

After a slow start to the year, momentum in the prime residential markets
strengthened in the second half of 2005, with a marked upturn in activity in the
last quarter and our under offer book ahead of the same period in 2004.
Savills' focus on high quality products in prime markets should provide some
buffer against the impact of any downturn in the new homes market.

In Asia, resurgence in property prices during 2005 has had a significant impact
on transaction volumes and both our commercial and residential investment sales
teams have enjoyed considerable success.

Consultancy

Savills' consultancy business has continued to make excellent progress across
the board in 2005.  The valuation business expanded substantially during the
year and has grown its revenue streams. In Hong Kong and China, we recruited a
valuation team of 35 professionals who are well respected in the region.  They
have integrated well in to the business and are making a good contribution.

Property Management

Income from the Property Management business continued to grow and we are now
beginning to see a real contribution from this expanded area of activity.   Our
portfolio of shopping centres under management grew by nearly 40% in the UK.
During the year we also acquired property management businesses in Paris and
Berlin and, as announced on 19 December 2005 recently acquired a 50% share in
two Korean businesses with over 10m square feet of Grade A office space under
management.

Financial Services

Despite difficult market conditions, Savills Private Finance had another
outstanding year and performed ahead of plan.  The overall mortgage market has
retracted slightly but despite this the business continues to grow. After the
opening of a number of new offices in 2004, this last year saw the business
consolidate its position.  A new office opened in Leeds, providing Savills
Private Finance with a presence in a key UK regional market.

Fund Management

The last six month period has been marked by significant fund and infrastructure
development.  In Italy, the €283m equity raised for Europa Immobiliare No 1 has
now been invested, a number of senior level appointments have been made, and the
business has gained approval from the Bank of Italy for its own SGR (the
regulated Italian fund management company).  In the UK, Cordea Savills Wealth
Management has launched three new funds for the private investor market and new
funds are also under development for the Charities and Institutional segments of
the UK market.  These include a Student Halls Fund where Savills has financed
the purchase of £64m of seed assets.


Overview

Commercial markets have been very active, particularly on the back of strong
investment demand. Driven by the expectation of a recovery in the office leasing
market for 2006 we have seen an intensification of investor demand for this
sector.  There is also a growing interest in development projects and this will
continue to provide opportunities for our professional teams. Prime residential
markets are currently proving considerably more robust than mainstream markets
and, while financial markets remain active, this trend should continue. With an
exceptionally strong final month, the results for the year ended 31 December
2005 will be ahead of expectations.


                                      Ends


For further information

Savills plc
Aubrey Adams (Group Chief Executive)                        + 44 (0)20 7409 9923

Citigate Dewe Rogerson
Simon Rigby                                                  [phone]
Sarah Gestetner




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