Final Results

MITIE GROUP PLC
19 July 1999

                          MITIE Group PLC
                 PRELIMINARY RESULTS FOR THE YEAR
                        ENDED 31 MARCH 1999
                                 
                  TENTH YEAR OF 30% PROFIT GROWTH

*  Pre-tax profit up 30.6% to £14.5m (1998 - £11.1m)
*  Turnover up 11.9% to £264.4m (1998 - £236.3m)
*  Total dividend per share up 28% to 1.6p (1998 - 1.25p)
*  Earnings per share up 27.5% to 6.5p (1998 - 5.1p)
*  Margins improved in both divisions


David Telling, Chairman, reports 'This is the tenth successive
year that we have achieved 30% profit growth.  We are determined
to continue to grow by being the best in our business.  The
current year has started well.'

Notes:
MITIE:    Management Incentive Through Investment Equity.
ACTIVITY: MITIE Group provides Support and Building Services to
          the owners and occupiers of commercial and industrial
          premises.

FOR FURTHER INFORMATION:
On 19 July 1999
David Telling
Chairman, MITIE Group PLC
John Urquhart
PR & Marketing, MITIE Group PLC
at Merrill Lynch International          0171 772 1000/2583

Subsequently -
MITIE Group PLC, Head Office            01934 862006


EXTRACTS FROM CHAIRMAN'S STATEMENT

Financial Overview

I am pleased to be able to report profit growth in excess of 30%
for the tenth successive year.

Pre tax profit has increased from £11.1m to £14.5m, an increase of
30.6%.  Turnover increased from £236m to £264m, an increase of
11.9%.  Both divisions increased their margins.  Earnings per
share are up from 5.1p to 6.5p, an increase of 27.5%.

We are proposing a final dividend of 0.9p, making a total of 1.6p
(1998: 1.25p), an increase of 28% and the dividend is covered four
times.

New Companies

We have made two acquisitions during the year.  In my Interim
Report I referred to the purchase of HAT Property Services from
the receiver.  That has now been integrated into our own Property
Services discipline.

In February 1999 we acquired 63% of The Lindsay Group Ltd, a well-
established industrial painting company based in Glasgow.  In
accordance with the ethos of MITIE the remaining 37% of the equity
remains with the Directors of the company to be earned out in the
future.

Since I last reported to you we have started two further Air
Conditioning companies and two Security companies.  In addition we
have added start-up companies to our existing disciplines to
extend our geographical cover.  During the year we established
MITIE Catering Ltd in response to our clients' requests for a more
comprehensive service range.  Lastly, we have diversified our
Access business by a major move into Powered Access.  We already
have four depots up and running with a fleet currently in excess
of 200 machines.

These companies have further increased our capability to provide a
broad range of Support and Building Services to major companies
and government departments on a national basis.

Segmental Analysis

Activity  Turnover  Turnover  Pre-Tax  Pre-Tax  Pre-Tax  Pre-Tax
             £'000     £'000   Profit   Profit   Profit   Profit
              1999      1998    £'000    £'000   Margin   Margin
                                 1999     1998   % 1999   % 1998

Building   148,132   136,519    7,693    6,309    5.2     4.6
Services
Support    116,323    99,774    6,815    4,791    5.9     4.8
Services
           264,455   236,293   14,508   11,100    5.5     4.7


Divisional Reports

Building Services

The Building Services Division continues to perform
satisfactorily.  It has expanded both by organic growth and
through the two acquisitions referred to earlier.  The Division
now consists of Engineering Services, Property Services, Access
and MITIE Lindsay Ltd.

The largest of these is the mechanical and electrical Engineering
Services discipline which has had another successful year.  It has
again increased its margin, albeit on a reduced turnover.  This
was partly through being more selective in the work it accepted
but more so because of the unusually high number of completions in
the second half of the last financial year.  Major contracts have
been won for BT, Daewoo, the Natural History Museum, the Scouting
Association, Manchester and Bristol Universities, Medeva Pharma
Ltd, the DHSS and the Rank Organisation.  Many of these are repeat
orders and many also involve other MITIE Group companies
introduced to the client.

During the year we brought HAT Property Services into our Property
Services discipline. This has made a reasonable contribution in
its first year, despite the disruption and costs of integration.
Three new regional contracts have been awarded by Post Office
Property Holdings and we have welcomed Scottish Homes, Surrey
University, Nokia and Droitwich Spa to our expanding client list.
We are particularly pleased with the levels of repeat business we
are getting from such blue chip companies as BT, Orange, Rolls
Royce, Budweiser, the Scottish Office and Scottish Courage.

The Access discipline continues to implement its strategy of
becoming a major national access provider.  It has increased the
product range available to customers of MITIE Generation Ltd
including a unique and patented aluminium span tower.  MITIE
Powered Access Ltd was launched in January and now operates from
four locations.  It will continue to establish a national network
and has made significant penetration of the market in the first
few months of trading.  Among the major contracts won by MITIE
Access Ltd was that for covering the archaeological excavations on
the site of Merrill Lynch's new regional headquarters in the City.
We are continuing to make significant investment in this
discipline as we believe it has considerable potential.

Our latest acquisition in February, The Lindsay Group Ltd, has
quickly been assimilated into the fold and now trades as MITIE
Lindsay Ltd.  It has received Five Star safety awards for its work
at Faslane, Rosyth, Devonport and at its Glasgow headquarters.
The company has invested in an environmentally friendly and highly
efficient system for use in removing paints and other coatings
from steelwork, in both the marine and industrial sectors.   The
company has completed its first ever turnkey contract for the
provision of all scaffolding, containment, ventilation, blasting
and painting for the submarine HMS Superb and has won and
commenced work on HMS Ark Royal.

Support Services

The Support Services Division has had a very good year. This
reflects the efforts of the management team to improve both the
quality of the service and the margin at job level.

There have been many notable contract awards during the year,
though the full effect of the contribution of several of these
will not be felt until the year 1999/2000.  Engineering
Maintenance has started new contracts with Microsoft, Nokia,
Xerox, Dell and Birmingham Cable, as well as successfully
retaining the national maintenance contract with Orange.

Since I last reported, Cleaning has won major contracts with BP
Research at Sunbury, the Contributions Agency and with the branch
networks of Yorkshire Bank and The Royal Bank of Scotland.  Each
of these contracts has a value in excess of £500,000 per annum and
all of them are for three years or more.   The existing contract
with British Aerospace was renegotiated for a further five year
term with the addition of three new sites.  The cleaning contract
for Wentworth Golf Club was also secured and one previously
reported, The Palace of Westminster, has been started.   MITIE
Managed Services Ltd won a further contract with Invensys and
commenced that with Yorkshire Electricity.  It has proved
effective in maximising the sales and operational management of
other MITIE companies in major contracts through partnering with
Cleaning and Engineering Maintenance as well as with our newly
established catering and security companies.

The outlook for growth remains bright, particularly as the trend
for outsourcing continues.  The National Audit Office reported
that the Prime Project, pioneered by Trillium, on which I reported
last year and in which MITIE companies are substantially involved,
'is likely to provide better value for money for the Department of
Social Security than continuing with their present arrangements.'
The Inland Revenue is now likely to embark on a similar project
and we are hopeful that we will once again be in partnership with
the successful PFI consortium as a service provider.

Finally I am proud to report that MITIE Cleaning (South East) Ltd
has won two more coveted Golden Service Awards for its high
quality service at Hampton Court Palace and Sizewell B Power
Station.  The contrast between the sites provides ample proof of
the versatility of our management team.

Quality

We are enjoying the challenge of growing into a medium sized
company while retaining the zest and initiative that has served us
and our shareholders so well up to now.   We are continuing to
drive the cross-selling initiative and have installed a new sales
database.  With the divisional Managing Directors, I held a total
of 17 roadshows all over the country delivering the quality
message to all staff as I believe passionately that our path to
continued growth lies in providing the best possible service to
our clients and this will be achieved only by dedicated and
committed people who have a stake in the business.

Conclusion

The current year has started well with buoyant trading in both
Divisions.  Your Directors are confident that we can, in the
foreseeable future, continue to deliver the performance that our
Shareholders have come to expect.

DAVID M TELLING
Chairman

                          MITIE Group PLC
                                 
             Group Profit and Loss Account (Unaudited)
                 for the year ended 31 March 1999
                                 
                                                 1999         1998
                                                £'000        £'000
                                                     
Turnover                                      264,455      236,293
Cost of sales                               (204,270)    (190,683)
Gross  Profit                                  60,185       45,610
                                                                  
Administrative expenses                      (45,555)     (34,324)
Operating Profit                               14,630       11,286
Interest                                        (122)        (186)
Profit  on  Ordinary  Activities  Before       14,508       11,100
Taxation
                                                                  
Taxation    on   Profit   on    Ordinary      (4,676)      (3,419)
Activities
Profit  on  Ordinary  Activities   After        9,832        7,681
Taxation
Minority interest                             (1,134)        (939)
Profit for the Financial Year                   8,698        6,742
Dividends - equity                            (2,166)      (1,659)
Retained Profit for the Financial Year          6,532        5,083
                                                                  
Earnings per Ordinary Share                      6.5p         5.1p

                                 
                          MITIE Group PLC

                  Group Balance Sheet (Unaudited)
                        as at 31 March 1999

                                                 1999         1998
                                                £'000        £'000
Fixed Assets                                                      
Intangible assets                               2,367            -
Tangible assets                                30,672       20,529
                                               33,039       20,529
                                                                  
Current Assets                                                    
Work in progress and stocks                    13,760       11,121
Debtors                                        43,482       35,602
Cash at bank and in hand                        8,294        5,626
                                               65,536       52,349
                                                                  
Creditors - due within one year              (64,718)     (49,248)
Net Current Assets                                818        3,101
                                                                  
Total Assets less Current Liabilities          33,857       23,630

Creditors - due after one year                (4,451)      (5,543)
Provision for liabilities and charges         (1,092)        (616)
                                               28,314       17,471
                                                                  
Capital and Reserves
Called up share capital                         6,761        6,643
Share premium account                           5,222        3,584
Revaluation reserve                             (552)        (562)
Profit and loss account                        11,192        4,660
Equity Shareholders' funds                     22,623       14,325
Minority interest                               5,691        3,146
                                               28,314       17,471

                               
                          MITIE Group PLC
                                 
               Group Cash Flow Statement (Unaudited)
                 for the year ended 31 March 1999

                                                 1999         1998
                                                £'000        £'000
Net    cash    inflow   from   operating       23,230       14,486
activities
                                                                  
Return  on investments and servicing  of                          
finance
Interest received                               1,616        1,334
Interest paid                                 (1,620)      (1,562)
Interest   element  of   finance   lease         (21)         (29)
rentals
                                                 (25)        (257)
                                                                  
Taxation                                                          
UK corporation tax paid                       (3,632)      (3,210)
                                                                  
Capital expenditure
Payments   to  acquire  tangible   fixed     (14,399)      (8,522)
assets
Receipts  from  sales of tangible  fixed        1,196        1,231
assets
                                             (13,203)      (7,291)
                                                                  
Acquisitions and disposals                                        
Payments     to    acquire    subsidiary      (3,727)      (2,323)
undertakings
Net cash/(overdraft) acquired with                683        (262)
subsidiary undertakings
                                              (3,044)      (2,585)
                                                                  
Equity dividends paid                         (1,877)      (1,441)
                                                                  
Cash inflow/(outflow) before financing          1,449        (298)
                                                                  
Financing                                                         
Issue of ordinary share capital                 1,785          594
Net unsecured loans received                      207           96
Capital element of finance lease  rental        (210)        (367)
payments
Repayment of unsecured loans                     (82)      (1,118)
                                                                  
Increase/(Decrease) in debt                     1,700        (795)
                                                                  
Increase/(Decrease)  in  cash   in   the        3,149      (1,093)
period

                          MITIE Group PLC

       Net cash inflow from operating activities (Unaudited)

                                                 1999         1998
                                                £'000        £'000

Operating profit                               14,630       11,286
Depreciation                                    5,888        4,448
Amortization of goodwill                           34            -
Profit on sale of tangible fixed assets         (401)        (324)
(Increase)/Decrease in work in progress       (2,491)        1,980
and stocks
(Increase) in debtors                         (7,295)      (5,729)
Increase in creditors                          12,865        2,825
                                                                  
                                               23,230       14,486

NOTES:

1. Dividend
   The  Directors are recommending a final dividend  of  0.9p  per
   Ordinary  Share, making a total dividend for the year ended  31
   March  1999  of  1.6p  per share.  If approved  at  the  Annual
   General  Meeting, the final dividend will be paid on 1  October
   1999 to Shareholders on the register on 10 September 1999.

2. Earnings Per Share
   Earnings  per share are calculated by reference to  the  profit
   after   tax  for  the  financial  year  of  £8,698,000   (1998:
   £6,742,000)  and  on  the weighted average number  of  Ordinary
   Shares   in  issue  during  the  year  of  133,963,928   (1997:
   131,095,590).

   Earnings and dividend per share figures have been re-stated  to
   reflect the sub-division of shares in September 1998.

3. The  Annual  General Meeting will be held at  The  Stable
   Block, Barley Wood, Wrington, North Somerset, BS40 5SA, 
   on 16 September 1999 at Noon.

4. The financial information set out above does not comprise
   the company's statutory accounts.  Statutory accounts for the 
   previous financial year ended 31 March 1998 have been 
   delivered to the Registrar of Companies.  The auditors' 
   report on those accounts was unqualified and did not contain
   any statement under Section 237(2) or (3) of the Companies 
   Act 1985.