Final Results

Oriental Restaurant Group PLC
11 July 2000

                                 
       Preliminary Results for the Year ended 31 March 2000

Oriental Group plc ('Oriental' or 'the Group'), the operator of 12
restaurants  including  three Yellow River Cafes,  Oriental's  new
concept, today announces results for the year ended 31 March 2000.
                                   
                                        2000        1999                      
                                       £'000s      £'000s
                                                        
Turnover                              12,674      10,680
Operating Profit before                  544       1,281
Impairment provisions
EBITDA                                 1,278       1,642
Pre exceptional pre-tax profit           522       1,452
Pre tax loss profit                  (2,309)       1,452
Basic (loss)/earnings per share      (25.3)p       11.0p

Financial
*    Like for like turnover, excluding Pacific Oriental, up 0.4 %
*    Like for like profits, excluding Pacific Oriental, up 8%
*    Spend per head, excluding Pacific Oriental, up 4% to £29.89
*    One-off impairment provision of £2.83m

Operations
*    Yellow River Cafes performing above budget and contracts
     exchanged on three new sites: St John's Wood and two out of
     London in Portsmouth and Guildford
*    Shimla Pinks losses sharply reduced to £12,000 (1999: £92,000)
*    Imperial City returned to trading profitability levels of H2 1999
*    Pacific Oriental streamlined and now trading profitably

Alan Jackson, Chairman of Oriental Restaurant Group plc, said:
'The  Group is now in shape to deliver enhanced shareholder  value
with  our  focus  now  firmly on the continued  roll  out  of  our
successful new format Yellow River Cafes.'

                                                      11 July 2000
                                                                  
ENQUIRIES:

Oriental Restaurant Group plc        Tel:  [phone]
Alan Jackson, Chairman
Hock Ann Chua, Managing Director

College Hill                         Tel:  [phone]
Matthew Smallwood
Justine Warren


                   ORIENTAL RESTAURANT GROUP PLC
         Preliminary Results for the Year to 31 March 2000
                                 
                       CHAIRMAN'S STATEMENT

Introduction
During  the  period  under review the Group has concentrated  upon
progressing  its  strategy  to  be the  leading  provider  in  the
Oriental  dining market by focusing on its roll out brand,  Yellow
River  Cafe.   At  the same time, the Board has had  to  tackle  a
number  of  difficult issues and the actions that are being  taken
will ensure a significant improvement in profitability.

Financial Performance
The  Group  continues  to  show underlying  profitability  and  to
generate strong operating cash flows. Turnover increased by 19% to
£12.7  million (1999: £10.7 million) however operating  profit  at
£0.54 million (1999:  £1.28 million) was affected by the costs  of
starting up and running the Central Production Kitchen, the  costs
of  developing  the  Yellow River Cafe brand  and  the  continuing
impact   of   competition  on  the  Pacific  Oriental  restaurant.
Additionally, as required by Accounting Standards, the  Board  has
reviewed the carrying values of its operations and as a result has
made  a  one-off impairment provision totalling £2.83  million  in
respect   of  Pacific  Oriental,  Shimla  Pinks  and  the  Central
Production  Kitchen.  This  provision,  which  is  treated  as  an
exceptional  item, gives rise to a loss per share of 25.3p  (1999:
profit of 11.0p). Before the exceptional item, earnings per  share
were 4.2p.

An  interim  dividend of 1.2p was paid in January, however,  as  a
result  of  the  subsequent  making of the  impairment  provision,
distributable  reserves  are  now  not  available  for  a  further
dividend  payment.  The Board will consider at the  time,  and  in
light  of  its funding requirements, the level of future  dividend
payments. Net borrowings at the year end were £1.26 million (1999:
£1.4  million  cash)  after  meeting  total  capital  expenditure,
including  finance leases, of £4.0 million (1999:  £3.8  million).
Gearing  at  the  year  end  was 39.4%  (1999:   nil).   Loan  and
overdraft  facilities have recently been secured  to  support  the
roll out of the Yellow River Cafe brand.

Signature Restaurants
Despite  difficult conditions in the core City of  London  market,
substantial progress was achieved although further new entrants to
the  market  continued  to  affect trading  at  Pacific  Oriental.
Excluding this site, like-for-like turnover was ahead by 0.4% with
like-for-like  spend  per head increasing by  4%.   The  Board  is
pleased to report that operating profit on a like-for-like  basis,
excluding   Pacific  Oriental,  was  8%  ahead,   reflecting   the
considerable progress achieved in controlling operating costs. The
last  six  months  of  the year were particularly  encouraging  at
Imperial City as a result of the management action to increase the
marketing  efforts  and  improve  interior  design  at  the  site.
Improvements  have  also  been made at  Shimla  Pinks  which  have
significantly reduced the previous losses.

                   ORIENTAL RESTAURANT GROUP PLC
         Preliminary Results for the Year to 31 March 2000
                                 
                   CHAIRMAN'S STATEMENT (Cont'd)


Since  the  year  end the cost base at Pacific Oriental  has  been
further  streamlined and new marketing initiatives  put  in  place
resulting in current trading at a profitable level.

Wholesaling and the Central Production Kitchen
Chuanglee has continued to perform well with turnover up by 13% to
£3.24  million  (1999:   £2.86  million)  and  profit  before  tax
increased  by  35 % to £0.23 million (1999:  £0.17 million).   The
management team has clearly demonstrated that it can generate  new
business  while  exercising  strict  control  over  costs  in   an
extremely competitive market.

The  Board  continues  to  believe that the  central  sourcing  of
quality assured product for the Group's branded restaurants is  an
essential element of its strategy.  The Central Production Kitchen
became  operational  during the year  and  is  now  supplying  the
Group's  restaurants with a consistently high quality of  product.
However,  as the Group is still at a relatively early  stage  with
its roll out, the costs of the Central Production Kitchen are high
relative  to  the current volumes of output required.   Since  the
decision to invest in the Central Production Kitchen, a number  of
alternative  suppliers have subsequently entered the market  which
are  able  to  supply  the Group's products  consistently  to  the
standard required.  The Board is therefore currently reviewing all
options  for this facility and is focussing on the level of  costs
and the operating arrangements.

Yellow River Cafes
The  three sites that are currently trading have all exceeded  the
Board's expectations; at Chiswick, which opened in November  1999;
at  Twickenham,  opened in February this year;  and  at  Islington
which  opened  in  June and where sales are  currently  more  than
double  the  budgeted  level.  All sites are  already  profitable.
Contracts have been exchanged on three further sites; at St John's
Wood, expected to open in August, and at Guildford and Portsmouth.
The  Board expects that at least eight Yellow River Cafes will  be
trading by the end of the current financial year.

Careful attention is being paid to the development of a strong and
consistent  brand. Invaluable experience has already  been  gained
from  these first three sites which has facilitated refinement  of
certain   elements  including  the  menu  and  pricing  structure.
Customer  satisfaction surveys are taken at every  site  and  show
high approval ratings especially in relation to value for money.

                   ORIENTAL RESTAURANT GROUP PLC
         Preliminary Results for the Year to 31 March 2000
                                 
                   CHAIRMAN'S STATEMENT (Cont'd)


A  strong  marketing  programme  has  been  developed  which  will
continue  to feature the internationally renowned celebrity  chef,
Ken  Hom.  I am delighted to report that the Yellow River Cafe was
awarded best brand identity at the Hospitality Design Awards 2000,
which  is  an  outstanding achievement given the relatively  short
life   of   the  brand.  Another  exciting  development   is   the
introduction    of    the    Group's    internet     web     site:
www.orientalrestaurantgroup.co.uk  on  which  customers  can  make
reservations at any restaurant, browse the menus, pre-order  their
meals,  order  take-away meals for delivery and complete  feedback
comments, which are automatically sent to the Operations Director.

In  order  to  deliver  consistency in quality  and  service,  the
recruitment,  training  and retention of  suitably  qualified  and
experienced  staff  is essential.  The Group  places  considerable
importance  on  staff training, with all managers and  operational
staff  attending  courses  at  the  Government-funded  Asian   and
Oriental School of Catering, leading to National Vocational Awards
and  City  and  Guilds  qualifications. In addition  to  staff  at
operating  level, the Board is also taking steps to put  in  place
the   necessary   management  infrastructure  to  facilitate   the
increased  rate of site openings in the future and the operational
control of those sites.

Board
A  number  of significant changes have been made to the  Board  to
drive  forward the Group's strategy.  In March 2000, Kal  Dhaliwal
was  promoted to Operations Director with responsibility  for  the
Group's  restaurants.  Kal has made significant  contributions  in
improving profitability at the signature restaurants and  also  in
developing the Yellow River Cafes.

The  Board  has also decided that the Group requires  a  full-time
Finance  Director to, among other things, consolidate the  systems
and  controls  required  for the roll  out.  Michael  Paterson,  a
founding shareholder, will therefore be stepping down as part-time
Finance Director with immediate effect.  To facilitate a handover,
Michael will leave the Board on 31 August.  I should like to thank
Michael  for  his considerable contribution to the development  of
the  Group.  Michael will be succeeded by Ian Johnson, aged 40,  a
Chartered Accountant who qualified in 1984 with Coopers & Lybrand.
Ian  has previously held Finance Director positions in the leisure
sector, commencing with Cannons Sports & Leisure in 1987.  For the
past five years he has been Finance Director of GenCel Group plc.

                   ORIENTAL RESTAURANT GROUP PLC
         Preliminary Results for the Year to 31 March 2000
                                 
                   CHAIRMAN'S STATEMENT (Cont'd)


I am also delighted that Ken Hom agreed to increase his commitment
to the Group by becoming a non-executive director with effect from
March 2000.  Andy Hobbs, a former Chairman, resigned in March  and
I also thank him for his significant efforts.

Prospects
The  rapid  and successful establishment of a truly market-leading
brand will give the Group real opportunities to lead consolidation
in  a  very substantial and growing, fragmented market.  With  the
signature  restaurants increasing profitability and the  necessary
financing  and key personnel appointments in place, the  Board  is
confident  that  it  has the wherewithal to complete  the  current
phase  of  Yellow  River  Cafe  openings  and  to  accelerate  the
programme  thereafter.  An exciting year is  in  prospect  with  a
return to growth in shareholder earnings and overall value.
                                                                  
                                                      Alan Jackson
                                                          Chairman
                                                      11 July 2000
                   
                   ORIENTAL RESTAURANT GROUP PLC
       Preliminary Results for the Year ended 31 March 2000
                                 
          Unaudited Consolidated Profit and Loss Account

                               Note        2000          1999
                                              £             £
                                                   
 Turnover                      1     12,674,326    10,680,244
 Cost of sales                       (4,371,492)   (3,829,682)
                                                   
 Gross profit                        8,302,834      6,850,562
 Direct costs                        (6,938,222)   (4,732,463)
 Administrative expenses             (3,736,106)     (916,437)
 Other operating income              84,158            79,024
                                                   
 Operating profit, before            543,558        1,280,686
 impairment
 Impairment provisions               (2,830,894)        -
                                                   
 Operating (loss)/profit             (2,287,336)    1,280,686
 Loss on sale of fixed assets           -            (1,021)
                                     (2,287,336)    1,279,665      
 Interest receivable                 35,772           181,503
 Interest payable                    (57,425)          (8,909)
 (Loss)/profit on ordinary     1     (2,308,989)    1,452,259
 activities before taxation
 Taxation on loss/profits            (119,646)       (403,425)
 from ordinary activities                          
                                                   
 (Loss)/profit on ordinary           (2,428,635)    1,048,834
 activities after taxation
 Dividends - equity            4     (115,301)      (364,122)
                                                   
 Retained (loss)/profit for          (2,543,936)     684,712
 the year                                          
                                                   
 Earnings per share                                
 Basic earnings per ordinary   2     (25.3p)          11.0p  
 share                         2     (25.3p)          11.0p                   
 Diluted earnings per            
 ordinary share                3     (25.3p)          10.8p                   
            


                   ORIENTAL RESTAURANT GROUP PLC
       Preliminary Results for the Year ended 31 March 2000
                                 
               Unaudited Consolidated Balance Sheet
                                 
                                                 At 31 March 2000

                                       2000          1999
                                       £             £
                                                     
Fixed assets                                         
Tangible assets                        6,112,493     5,636,318
                                                     
Current assets                                       
Stocks                                 474,736       355,524
Debtors                                1,341,467     1,035,942
Cash at bank and in hand               273,019       1,417,675
                                       2,089,222     2,809,141
                                                     
Creditors: amounts falling due within  
one year                               (2,320,936)    (1,201,118)            
                                                     
Net current (liabilities)/assets       (231,714)     1,608,023
                                                     
Creditors: amounts falling due after   
more than one year                     (1,301,337)   (124,961)            
Provision for liabilities and charges  (412,486)     (412,486)
                                                     
                                       4,166,956     6,706,894
                                                     
Capital and reserves                                 
Called up share capital                480,422       479,423
Share premium account                  4,115,868     4,112,869
Other reserves                         59,018        59,018
Profit and loss account                (488,352)     2,055,584
                                                     
Shareholders' funds                    4,166,956     6,706,894

                   ORIENTAL RESTAURANT GROUP PLC
       Preliminary Results for the Year ended 31 March 2000
                                 
            Unaudited Consolidated Cash Flow Statement
                                 

                                       2000           1999
                                       £                 £
                                                  
Net cash inflow from operating         1,687,700      1,649,089
activities
Returns on investments and servicing   (9,961)          186,411
of finance
Taxation paid                          (60,206)        (417,629)
Capital expenditure and financial      
investment                             (3,922,256)   (3,758,677)
Equity dividends paid                  (364,601)       (343,985)
                                    
                                                  
Cash outflow before use of liquid      
resources and financing                (2,669,324)  (2,684,791)  
Management of liquid resources         750,000       3,022,494
Financing                             1,043,788          8,000
(Decrease)/increase in cash            (875,536)       345,703
                                       
                                                  

                   ORIENTAL RESTAURANT GROUP PLC
       Preliminary Results for the Year ended 31 March 2000
                                 
               Notes to the Preliminary Announcement
                                 

1.The results for the year ended 31 March 2000 together with
  comparatives for 1999 were as shown by the following tables:

                                  1999
                 Turnover       Pre-Tax       Net
                                 Profit      Assets
                     £             £           £ 
                                            
                                         
Restaurants      8,738,440       1,279,874      6,196,257
Wholesaler       1,941,804         172,385        510,637
                10,680,244       1,452,259      6,706,894
                
    
    
                                  2000
                 Turnover       Pre-Tax       Net
                                Profit/      Assets
                                 (Loss)         
                     £          £              £
                                     
                                         
Restaurants      10,494,294    (2,540,306) 3,468,881
Wholesaler        2,180,032       231,317    698,075
                 12,674,326    (2,308,989) 4,166,956

2.Earnings  per  ordinary  share have been  calculated  using  the
  weighted  average number of shares in issue during the  relevant
  financial periods.  The weighted average number of equity shares
  in issue is 9,598,470 (1999:  9,562,169).

3.The   weighted  average  number  of  equity  shares   used   for
  calculation  of  the  diluted  earnings per share  is  9,598,470
  (1999:   9,742,169).   The  weighted average  number  of  equity
  shares  is  calculated using a dilution of Nil (1999:   180,000)
  ordinary shares in respect of dilutary share options in issue.

4.No final dividend is proposed.

5.The  accounts  for the financial year ended 31  March  1999  are
  abridged.  Full accounts on which the Company's auditors made an
  unqualified  report  have been delivered  to  the  Registrar  of
  Companies.

6.Further  copies of the Preliminary Announcement may be  obtained
  from the Company Secretary at Oriental Restaurant Group plc, No.
  1 Bishopsgate, London EC2N 3AB.