Trading Statement

Vitec Group PLC
29 June 2001

29 June 2001

                              The Vitec Group plc
                              
                               Trading statement


The following announcement is being made prior to the company entering its
half year results close period.

At its AGM on 11 April 2001, the Group reported adverse market conditions in
the USA. In the subsequent ten weeks, these conditions have intensified. Some
European markets are now also exhibiting signs of a slowdown. The substantial
reduction in advertising revenue to the broadcast industry is now affecting
demand across most of the Group's business areas.

Operating profits for the six months to 30 June 2001 are now expected to be
substantially below the same period for last year, on turnover which is
marginally ahead of last year, helped by exchange rate movements.

Turnover in the second half is expected to be somewhat below the same period
last year. However, as a result of vigorous cost containment measures
implemented by the Group, operating profit margins for the second half are
expected to be significantly better than the first half, with the result that
second half profits are expected to be only slightly less than those of the
previous year.

The Group remains strongly cash generative and the Board is confident that,
when market conditions improve, the underlying strength of the Group's
operations will provide a strong platform for recovery.

Shareholders will be given a further update at the time of the interim
results, to be announced on 3 September 2001.


For further information, please contact:

The Vitec Group plc        Philip Cushing            Tel [phone]
Financial Dynamics         Richard Mountain          Tel [phone]