Trading Statement

Manx & Overseas PLC
7 July 2000


Manx & Overseas plc (the 'Company')

The Company has today issued a preliminary statement on its interim accounts
for the six month period to 31 March 2000.  

The operating loss from continuing activities before interest is expected to
be not more than £360,000 (1999:  loss of £252,000).  The net interest charge
for the period is £203,000 (1999: £121,000).  In addition the Company incurred
an exceptional charge of £310,000 on the disposal of its distribution
businesses which were discontinued during the period.  Included within last
year's comparative figures was a contribution from the discontinued businesses
of £401,000. The loss before tax for the half year, after exceptional items is
expected to be not more than £930,000 (1999:  profit of £28,000).  

The Company intends releasing its interim results for the six month period to
31 March 2000 by the end of this month.