Stmnt re Share Price Movement

Trio Holdings PLC
24 January 2005



Trio Holdings Plc ('Trio' or the 'Company')

Following the recent movement in the Company's ordinary share price Trio
announces that it is in discussions with a Private Equity consortium, including
certain members of the management of Trio's subsidiaries, which may or may not
lead to an offer being made for the Company's entire issued and to be issued
share capital at a price of 32 pence in cash per Trio ordinary share.  Trio
shareholders should note that disclosure of the price at which this indicative
offer has been made has been disclosed solely at the instigation of the
directors of Trio. Given that discussions are at a preliminary stage, there can
be no assurance that a formal offer will be announced at this price, or at all.

Further announcements will be made as appropriate in due course.

Pursuant to Rule 2.10 of the City Code on Takeovers and Mergers, Trio announces
that it has 83,484,325 ordinary shares in issue (ISIN: GB0008946781).

Enquiries

David Hagan, Trio Holdings PLC 020 7946 9100

Jonathan Hinton/David Kent, Deloitte 020 7936 3000



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