Trading Statement

Bunzl PLC
16 December 2002

                                                                16 December 2002



                      Bunzl Statement re Analyst Meetings



Bunzl plc, the international distribution and outsourcing Group, will be
speaking to analysts this week prior to its close period for the year to 31
December 2002.  The Company will be indicating that:


•    The overall results for 2002 are expected to be in line with market 
     estimates which take account of the impact of currency translation and the
     mildly dilutive effect of the sale of Paper Distribution in July.

•    Outsourcing Services, with its main focus on food related end uses,   
     continues to progress satisfactorily:

        -      robust volume growth in our largest business area continues to
               more than offset price deflation which itself reflects the 
               relative weakness of overall economic activity;


        -      recent acquisitions in North America, Europe and Australia are 
               integrating well into the Group.


•    Filtrona is also continuing its positive development:


        -      volumes to the tobacco industry are robust as charcoal duals, 
               more specialised filters and printed tear tapes continue to grow 
               worldwide;


        -      sales to other market sectors, while more dependant on the 
               general economic climate, are also progressing.




While economic conditions in both North America and Europe are still uncertain
and persistence of the current level of the dollar would have a translation
impact compared to the previous year especially in the first half of 2003, the
Group remains well positioned to withstand recessionary pressures, produce good
results, generate cash and take advantage of opportunities to grow both
organically and by acquisition.  The results for the year to 31 December will be
published on 24 February 2003.





Enquiries


Bunzl plc:                                             Finsbury:
Anthony Habgood, Chairman                              Roland Rudd
David Williams, Finance Director                       Morgan Bone
Tel: [phone]                                     Tel: [phone]




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