Trading Statement

Frenkel Topping Group PLC
30 September 2004


                   Frenkel Topping Group plc ('The Company')

                                 Trading Update


The Company is pleased to make its first announcement since its introduction to
the AIM market in late July 2004.

At the time of admission, the Company's accounting reference date  was changed
to 31 December 2004, and as a result its first published financial results will
be available by the end of March 2005.

An important new product, the Canada Life Flexible Structured Settlement
contract, was launched on 6 September 2004.  The group has an exclusive
arrangement with Canada Life for the introduction of the product until January
2005.  We believe that this introduction will give the group a further
opportunity in the marketplace, and will continue to build its brand awareness
within the personal injury arena.

Since the publication of the admission document, Frenkel Topping Limited has
procured a further £8 million of new investment funds making £24 million in the
year to date and an aggregate total of £115 million. This achievement is in line
with  expectations.

Traditionally, the last quarter of the year is the Company's best period as both
claimants and defendants seek to settle their cases before the calendar year
end.  As a consequence, the Company feels confident, particularly with the
launch of the new product, that it will achieve a satisfactory outcome for the
current trading period.

The group is an independent financial adviser specialising in the investment of
personal injury damages, and in the design and use of structured settlements,
which are financial instruments enabling a claimant who has received a personal
injury award to take all or part of that award as a tax-free income.  The
group's income is derived from fees and commissions from the investment of the
personal injury award, and recurring annual management charges from funds under
management.

Enquiries:

Richard Fraser        Frenkel Topping Group plc            Tel:  [phone]

David Youngman        W.H. Ireland Limited                 Tel:  [phone]



                      This information is provided by RNS
            The company news service from the London Stock Exchange