Pre Close Trading Update

Mothercare PLC 08 October 2003 8 October 2003 Mothercare plc Pre Close Trading Update Mothercare plc today issued the following update on trading. The statement is being made in advance of Mothercare's half-year end of 11 October 2003 and therefore reports on the performance for the 27 weeks to 4 October 2003. Total UK store sales for the 27 weeks to 4 October 2003 were 4.0% up on the same period last year, with UK like-for-like store sales up 6.6%. Gross margin showed an improvement on last year of +5.8 percentage points. This is better than anticipated in our last trading statement in July primarily due to more effective management of mark-down and promotional activity during our summer sale. The initial response to the Autumn/Winter range by our customers has been positive and the International and Direct businesses continue to perform well. As a result of this performance, Mothercare expects that the outcome for the first half will be substantially ahead of market expectations. Ben Gordon, Chief Executive said: 'We are encouraged by the trading performance over the last six months. Whilst it has been achieved against a particularly weak and volatile performance in the first half of last year, it demonstrates that the turnaround programme we are implementing is having a positive impact. Much remains to be done to achieve a sustained recovery but we remain firmly on track with our plans.' The full financial performance for the half-year (28 weeks to 11 October) will be reported when Mothercare Interim results are announced on 20 November 2003. Enquiries to: Mothercare plc Ben Gordon, Chief Executive 01923 206001 Steven Glew, Financial Director 01923 206140 Brunswick Group Limited Susan Gilchrist/Philippa Power 020 7404 5959 This information is provided by RNS The company news service from the London Stock Exchange

Companies

Mothercare (MTC)
UK 100

Latest directors dealings