Trading Statement

Artisan (UK) PLC 10 April 2006 Artisan (UK) plc Post Year End Trading Update Artisan (UK) plc ('Artisan' or 'the Group'), the residential house builder and commercial business park developer, announces a trading update for the year to 31 March 2006 which confirms that it expects to announce results that more than meet current market expectations of profit before goodwill and exceptional items. In addition the Board expects that the results will demonstrate significant profit in respect of exceptional income as a result of the recovery of funds of over £500,000 from the Bickerton litigation. This combined with improved operational profitability will demonstrate a net profit significantly ahead of the market expectation. The final results in respect of the financial year will be announced during the first week of July 2006. In February 2006, Artisan announced that the year end was dependent on reservations held at that time, for both businesses, being converted to exchanges or completions prior to the year end. Rippon Homes, the residential developer, has exceeded expectations underlining the marked improvement seen in the market since early January. It is expected to report improved turnover on a similar number of units to the previous year, albeit at a slightly reduced margin. Artisan (UK) Developments, the commercial division of the Group, has seen one significant sale delayed but gained another culminating in another successful year. Following improved results in respect of the year to 31 March 2005, which concluded with a significant sale at the year end, commercial turnover will be drop marginally. However it is expected that the results will demonstrate improved margins. The consequence of the improved performance in both Rippon Homes and the commercial division is that, although Artisan have accounted for one off employment costs during the year of nearly £300,000 it expects results to exceed market expectations. This has been achieved despite the difficult residential market conditions that pertained during much of the year, underlining the clear improvement in Artisan's operations. Much of this improvement is derived from the success of high quality management teams throughout the businesses. Artisan (UK) plc: 01480 436666 Chris Musselle Chief Executive email@artisan-plc.co.uk www.artisan-plc.co.uk Seymour Pierce Nominated advisers 020 7107 8000 Sarah Wharry Bankside Consultants Financial PR advisers 020 7367 8888 / Simon Rothschild 07703 167065 This information is provided by RNS The company news service from the London Stock Exchange
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