Trading Statement

Westminster Group PLC 14 January 2008 14th December 2007 Westminster Group Plc: Trading update Westminster Group Plc ('Westminster' or 'the Group'), the AIM listed supplier of system solutions and products to the security, defence, fire protection and safety markets worldwide, announces the following trading update. Since the interim results announcement last September, trading has been encouraging. Orders received in the second half of 2007 provide a secured order book going into 2008 of circa £1.6m. Notable contracts recently won include £750k worth of contracts awarded to one of the Group's UK based subsidiaries RMS. RMS specialises in the design and installation of low voltage fire protection, security and satellite services, typically in high rise buildings. However, a number of other contracts which were expected to be secured during the second half remain under negotiation and are now expected to fall into 2008. As a consequence of these deferrals, the Group's full year results will not now meet market expectations. The Board is confident that these contracts will be secured shortly and that the Group will be able to announce these wins to the market. Commenting on current trading, Peter Fowler, Chief Executive, said: 'Notwithstanding the delays to a number of contracts highlighted above, the Board is pleased with the current run rate of orders won by the Group. The spread of contracts won across the subsidiaries and the territories demonstrates a good balance to the business. The Board believes that the sales and marketing infrastructure that has been put in place during the second half of 2007 will contribute significantly in the forthcoming year. We have appointed new agents in Indonesia, Malaysia, Columbia and Francophone Africa; opened a new Middle East sales office in Dubai; launched our new multi-lingual Group website; begun work on developing the Group headquarters and have extended the test grounds and demonstration facilities. We are currently reviewing a number of acquisition opportunities which will complement the existing business mix and will accelerate our growth which has, to date, been exclusively organic. To support the enlarged business, we are pleased to announce the appointment of The Hon. Sir Michael Pakenham KBE CMG to the board of the Westminster Group from 1st February 2008. His contribution will be invaluable.' Enquiries: Peter Fowler 01295 756 300 Chief Executive - Westminster Group Plc Clive Carver 020 7600 1658 JM Finn & Co Tom Cooper/Paul Vann 0117 920 0092 Winningtons Financial Notes: Westminster Group plc is a leader in the supply of system solutions and products to the security, defence, fire protection and safety markets worldwide. It was admitted to the Alternative Investment Market of the London Stock Exchange in June 2007 at which time it raised approximately £2.5million net of expenses by way of a Placing of 4,537,336 new Ordinary Shares at 67.5pence per share through J M Finn & Co Ltd, the Company's nominated adviser and broker. Its market value at flotation was £10million. Westminster's principal activity is the design, supply and ongoing support of advanced technology security solutions. These can range from product only assignments, such as the supply of specialised scanners, to the design and implementation of an integrated system solution such as a border detection and surveillance system. The majority of its customer base, by value, comprises governments and government agencies, non governmental organisations and blue chip commercial organisations This information is provided by RNS The company news service from the London Stock Exchange
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