Pre-Close Trading Update

Spice PLC
02 May 2007

2 May 2007



                                   Spice plc

                            Pre-close trading update


The Board of Spice plc ("Spice" or "the Group") is pleased to provide the
following update on trading in advance of the announcement of its results for
the year ended 29 April 2007, and prior to entering its closed period.


Market conditions continue to remain favourable for each of our three operating
divisions and trading for the year ended 29 April 2007 is anticipated to be in
line with the Directors' expectations.  Strong levels of organic growth have
been recorded over the course of the year in each of our Commercial Services,
Public Services and Utility Services' divisions through undertaking greater
volumes of work for key customers and from new contract wins. We have signed
contracts with new customers including Anglian Water for whom we are undertaking
water meter installations and replacements as well as water leakage detection
work, and John Swire for whom we are refurbishing heating and ventilation
systems. Following the successful completion of our meter installation pilot for
Scottish Water, we are now working under a memorandum of understanding for
Scottish Water to install meters over the period to March 2009. It is
anticipated that the turnover value of the related contract will be
approximately £3 million per annum.


Our visibility of future earnings has also been significantly enhanced in recent
months through the renewal and extension of contracts with key customers
including EDF Energy Networks (major substation projects, overhead lines and the
maintenance of building and civil assets) and Siemens (meter reading services).
We are also pleased to have received a letter of intent from Yorkshire Water in
connection with the continued provision of meter installation and refurbishment
services. The average historic turnover value to Spice of this Yorkshire Water
contract has been approximately £11 million per annum, which is expected to
increase through extension into small works including repairs and maintenance.
The contract, once renewed, is expected to be for an initial period of three
years with the option to extend for a further two years to June 2012. Taken
together, we believe that these contracts have created a strong platform for
future growth.


During the year the Group successfully raised £20 million through the placing of
4 million new shares. The net placing proceeds have been used to reduce bank
debt. We expect to use our enhanced facilities headroom to fund acquisition
opportunities. We remain confident that we can continue to identify acquisition
opportunities at attractive multiples. Our acquisitions pipeline remains strong.


We have continued to achieve cross selling successes, which include the John
Swire contract referred to above, and remain focused on making our cross selling
strategy endemic within the Group.


Overall, we consider that our businesses are well positioned within their
respective markets. We remain confident of further growth over the new financial
year and continue to look to the future with confidence.


Spice's results for the year ended 29 April 2007 will be announced on Monday 9
July 2007 and Spice will hold a briefing for analysts at 9.30am on that morning
at the offices of KBC Peel Hunt. Further details of this briefing will be
announced nearer the time.


                                              Ends


Enquiries:

Spice plc                                               Tel: [phone]
Simon Rigby, Chief Executive Officer
Oliver Lightowlers, Group Finance Director
Carl Chambers, Corporate Development Director

Financial Dynamics                                      Tel: [phone]
Billy Clegg
Caroline Stewart

KBC Peel Hunt                                           Tel: [phone]
Julian Blunt



NOTES TO EDITORS


Spice plc



Spice is a support services business operating in the Commercial Services,
Public Services and Utility Services sectors. The Group's operations were
founded in 1996 and have their origins in the electricity industry, though the
range of activities has since been expanded into the water sector, niche
telecommunications services, the public sector, energy management and commercial
facilities management. Spice's businesses have a common theme of delivering and
co-ordinating infrastructure services to customers, and the technological
element within the product mix has been built up significantly over the course
of the last three years.




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