Pre-close trading update

Spice PLC
07 May 2008

7 May 2008

                                   Spice plc

                            Pre-close trading update

The Board of Spice plc ("Spice" or "the Group"), the provider of Total Utility
Support Services, is pleased to announce that the Group's trading for the year
ended 30 April 2008 is in line with the Board's expectations.

Our utility and energy markets continue to offer very significant growth
opportunities, whilst at the same time having defensive qualities. In the second
half of the year, the Group has continued to enjoy:
     
-    Good levels of organic growth from existing operations; and

-    Strong conversion of operating profits into cash.

Performance within our Electricity Services business has been particularly
strong. We have continued to see strong order flows from EDF Energy and have
recently received our largest ever project order for the refurbishment of major
electricity substations in London. Following successful mobilisation of our AT&T
contract, the scope of this contract has been expanded and is now expected to be
worth around £15 million per annum.

The integration of Billing Services (created via the acquisition of Revenue
Assurance Services) into the Group has gone well and to plan. During the last
six months several new clients have been secured and we estimate that our market
share (measured by number of client sites) has risen from 40% to approximately
89% in Gas and from 8% to approximately 35 % in Electricity. Whilst this does
not immediately translate into earnings, it does mean that we have made
significant progress in developing and securing our acquired markets. Cross
selling has played a significant part in this progress as we have introduced
Billing Services to the "top table" of existing Spice relationships such as
Total and EdF Energy.

The recent escalation, and continued volatility, of energy prices creates a
strong growth platform for Energy Services and Matalan is an example of a recent
major contract win. Inenco is now recognised by Datamonitor as the largest third
party energy procurement intermediary in the UK.

We have maintained momentum within our other divisions and contract wins
include:
     
-    Three Valleys Water - Three year contract (with an option to extend for two 
     years) for water meter installation and replacement services;

-    Michigan 3 Alliance - Telecoms infrastructure renewal project using 
     multi-site Xfin technology;

-    Siemens - Framework agreement for 50,000 gas meter replacements; and

-    Gondola Group - Three year framework agreement for multi-site facilities 
     management and property maintenance services.

The UK Listing Authority has conditionally confirmed Spice's eligibility to move
to the Official List and we are continuing preparations for the transition and
also drafting of the related prospectus. We expect to update on this and set out
our intended timetable for moving to the Official List at the time of the
announcement of our full year results.

The Board believes that Spice is well positioned for growth and that the markets
in which we operate continue to offer significant opportunities for further
growth going into the new financial year. Spice continues to look to the future
with confidence.

Spice's results for the year ended 30 April 2008 are expected to be announced on
Monday 7 July and the Group 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
Andy Catchpole, Group Strategy and 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 total utility infrastructure support services business. 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, statutory gas inspections, energy
management and 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.




                      This information is provided by RNS
            The company news service from the London Stock Exchange