Trading Statement

Slingsby(H.C.)Plc
26 May 2006


HC Slingsby plc


Trading Statement


We are pleased to report that the final part of our business move, the
refurbishment of the new offices, is virtually complete and by the end of June
the business will once more be operating from a single site with considerably
improved facilities.

The move and the implementation of the new business system, have however, been
disruptive to the trading performance of the business and  have increased
overhead costs. These increased costs have been partly due to the business
operating temporarily on two sites but also more significantly due to the charge
for depreciation of the new business system.

In our preliminary announcement in April 2006 we stated that current order
levels were marginally behind 2005. General market conditions have become
increasingly difficult in May and together with the disruptions to the business
noted above, this has led to a 7% reduction in turnover for the year to date
compared with the corresponding period for 2005. In addition, margins have been
somewhat adversely affected. The board expects that the profit for the first six
months of the year will be significantly lower than the corresponding period in
2005.

The board however, remains confident that in the medium to long term the outlook
for the business is positive and we look forward to benefiting from our improved
operating efficiencies in the future.


For further information:
Dominic Slingsby                Managing Director                 01274 721 591
Ray Hudson                      Financial Director                01274 721 591



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