Interim Results - Turnover Up 27%

Oriental Restaurant Group PLC
25 November 1999

                              
                Oriental Restaurant Group plc
            Interim Results to 30 September 1999
                              
                              
Oriental  Restaurant  Group  plc,  the  Oriental  restaurant
operator, today announces interim results for the six months
ended 30 September 1999.

* Turnover increased by 27% to £5.7m (1998:  £4.5m)

* Pre  tax  profits  were £227,000 (1998:  £612,000),  after
  including  the  impact  of  development  costs  of  Yellow
  River,  start  up  costs  of the  Central  Kitchen  and  a
  reduction in interest income

* Like  for  like sales reduced by 1%, but like  for  like
  operating profits rose by 6%

* First Yellow River Cafe opened in November - a minimum of
  eight  to  be  operational by the end of the next  financial
  year.

* Central  Kitchen  is  supplying  eight  of  the  Group's
  operations and should enhance Restaurant margin

Alan  Jackson,  Chairman of Oriental Restaurant  Group  plc,
commented:

'We  are encouraged by the early success of our new concept,
Yellow  River,  which will provide the platform  for  future
growth.   Much effort has been focused on creating the  base
from which we can rapidly roll out Yellow River in order  to
enhance shareholder value.'

                                            25 November 1999


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

College Hill                   Tel: [phone]
Matthew Smallwood
Justine Warren
                              
                              
                ORIENTAL RESTAURANT GROUP PLC
 Interim Results for the six months ended 30 September 1999
                              
                    Chairman's Statement
                              
Introduction

This is my first report as Chairman, which is made at a time
of  great change and opportunity for the Oriental Restaurant
Group.  I am delighted to report on significant advances  to
establish the Group in its next stage of developing  our new
concept - the Yellow River Cafe.

The  first  half  result is dominated by  development  costs
relating  to  this new concept and start  up  costs  of  the
Central  Production Kitchen, both of which will benefit  the
Group  in the future.  The Board's decision to invest at  an
early   stage   in  this  infrastructure,  to  support   the
development  of  the  Yellow River Cafe concept,  means  the
benefit  of these efforts are not fully reflected  in  these
results.

Results

Group  turnover rose by 27% to £5.7 million  (1998:   £4.5m)
reflecting  the  inclusion  for  the  first  time   of   the
contribution for the full six months of Pacific Oriental and
Moorgate  Oriental.   Operating profits of  £206,000  (1998:
£499,000)  have been impacted by development  and  start  up
costs:

*    £51,000 related to the pre opening expenses of the
     Central Kitchen

*    £77,000 related to the direct operational cost incurred
     by  the Central Kitchen prior to the openings of Yellow
     River  in  Canary Wharf and the Yellow  River  Cafe  in
     Chiswick, neither of which traded during a period

*    £68,000  related  to development costs associated  with
     the Yellow River concept

Additionally, £90,000 in respect of a reduction in  interest
income  as  a  result  of our extensive capital  expenditure
programme.

The  benefit  of  the Central Production Kitchen  investment
will  flow through in future periods by enhancing gross food
margin contributions at unit level. Pre tax profits fell  to
£227,000  (1998:  £612,000).  Earnings per share  were  1.7p
(1999:   4.6p)  and the Board is recommending  a  maintained
interim  dividend  of  1.2p (1998:   1.2p).   This  will  be
payable  on 19 January 2000 to all shareholders on  register
at 10 December 1999.

Overall operations remain significantly cash generative  and
with  the new banking facilities that have been put in place
we  are  confident that the programmed roll out  of  'Yellow
River Cafe' can be met from our own resources.


                ORIENTAL RESTAURANT GROUP PLC
 Interim Results for the six months ended 30 September 1999
                Chairman's Statement (cont'd)
                              
Operating Review for the Period

Restaurants
Our   established  restaurants  traded  in  line  with   the
comparative  period last year despite increased  competition
and  a changing City environment.  Like for like sales  were
down 1% but like for like operating profits rose by 6%. As a
well  established  City  dining  venue,  Imperial  City  has
suffered  from recent new openings in its immediate vicinity
and  therefore in order to bolster sales to previous  levels
we  have  embarked  upon  a  new marketing  drive  and  some
interior design changes have been initiated.  Shimla  Pinks,
under  its management contract, has increased turnover  and,
although  not  yet profitable, is producing a positive  cash
flow.

Pacific  Oriental  has been a disappointment  and,  although
producing  a  positive  cash  flow,  has  not  yet  made   a
contribution to profits.  Management is focused  on  finding
ways  to  increase the food margin, which is  currently  the
lowest  across the Group and a new manager was appointed  at
the end of September.

Wholesaling

Chuanglee  has continued to perform well.  As the number  of
our  own  restaurants increases we expect the proportion  of
intra company sales to rise from the current 32%.

Board

In   October  1999  Richard  Miller,  Operations   Director,
resigned  from the Board in order to pursue other commercial
opportunities.   On behalf of the Board,  I  would  like  to
thank  Richard  for his contribution to the Group  over  the
last four years and wish him every success in the future.


Central Production Kitchen

The  Group's  Central Production Kitchen facility  commenced
operation in July.  This operation currently supplies  eight
of  the  Group's  restaurant operations and  should  show  a
positive  impact on groupwide food margins  in  due  course.
With  the capacity to service at least 50 restaurants,  this
facility  is  already  supplying the Yellow  River  Cafe  in
Chiswick  and  is fundamental to the roll out  of  this  new
concept.

                
                 ORIENTAL RESTAURANT GROUP PLC
 Interim Results for the six months ended 30 September 1999
                              
                Chairman's Statement (cont'd)


Canary Wharf

This  site at the Canary Wharf location was seen as a unique
opportunity  for the Group.  It is not intended  that  large
dual   operational  restaurants  of  this   type   will   be
replicated,  as our strategy remains to concentrate  on  the
roll  out  of  the Yellow River Cafe. It will operate  as  a
Yellow  River Cafe on the ground floor and a formal Oriental
restaurant on the Mezzanine level.

The  Canary  Wharf site will open on time and to  budget  in
late  November  to  take  advantage of  the  busy  Christmas
season.   It  will  have  capacity  of  250  covers  and  an
extensive  bar area. Both restaurants will be serviced  from
one kitchen which will be supported by the Central Kitchen.

Yellow River Cafes

The restaurant in Chiswick opened on 3 November 1999 and  is
the first of our roll out concept.  Although it has not been
trading for long, all early signs are that this concept  has
been  widely  acclaimed and accepted.  Yellow  River  Cafes'
association  with Ken Hom, the celebrity chef,  has  allowed
this  brand  to  be marketed extensively and  to  achieve  a
significant amount of publicity in the press.

This  concept offers attractive opportunities for  seven-day
trading and will form the focus of the Group's growth.   Our
strategy is that this concept will be suitable for mid spend
locations  and to date, we have agreed terms on two  further
sites  in  Islington and Twickenham and are in  negotiations
for  several more properties.  Twickenham will open  in  the
first quarter of the New Year and Islington in the Spring of
2000.    We   now   have   the  management   expertise   and
infrastructure in place to initiate an accelerated expansion
programme  and  expect to be operating  a  minimum  of  four
further  Yellow  River Cafes, in addition to  those  already
announced, by the end of the next financial year.

Prospects

This is a transitional year with a change of focus to the
Yellow River Cafe concept.  The investment necessary to
achieve our goal of building a new national restaurant brand
will impact overall profitability in the current year, but
will have positioned the Group to enhance earnings next year
and beyond.
                                                Alan Jackson
                                                    Chairman
                                            25 November 1999


                ORIENTAL RESTAURANT GROUP PLC
 Interim Results for the six months ended 30 September 1999
                              
                   Profit and Loss Account
                              
                            Half year    Half year     Year
                              ended      ended         ended
                             30.09.99    30.09.98     31.03.99
                           (Unaudited)   (Unaudited)  (Audited)
                    Notes      £'000      £'000       £'000
                           
                                                      
Turnover                       5,683      4,486       10,680
                                                      
Operating profit                 206        499        1,280
                                                      
Net interest                                          
receivable and
income from other             
investments                       21        113          172
                                                      
Profit on ordinary                                    
activities
before taxation                  227        612        1,452
                                                      
Taxation               2        (61)       (170)       (403)
                                                      
Profit on ordinary                                    
activities
after taxation                  166         442       1,049
                                                      
Minority interest                                     
                                                      
Earnings               3        166         442       1,049
                                                      
Dividends payable      5       (115)       (115)      (364)
                                                      
Retained profit                  51         327        685
                                                      
Basic Earnings per             
share                          1.7p        4.6p       11.0p

Diluted Earnings per        
share                          1.7p        4.6p       10.8p


Dividends payable per         
share                          1.2p        1.2p        3.8p


                              
                ORIENTAL RESTAURANT GROUP PLC
 Interim Results for the six months ended 30 September 1999
                              
                  Summarised Balance Sheet
                              
                               30.09.99    30.09.98   31.03.99
                             (Unaudited) (Unaudited)  (Audited)
                                £'000       £'000      £'000
                                                      
Tangible fixed assets          6,967      4,631       5,636
                                                      
Current assets                                        
Non-cash current assets        1,509      1,395       1,391
Cash at bank                     375      2,158       1,418
                                                      
                               1,884      3,553       2,809
                                                      
Creditors: amounts falling                            
due within
one year                      (1,551)    (1,568)     (1,201)
                                                      
Net current assets               333      1,985       1,608
                                                      
Creditors: amounts falling                            
due after
more than one year              (125)     (103)       (125)
                                                      
Provision for liabilities and   
charges                         (412)     (168)       (412)
                                                      
Net assets                     6,763     6,345       6,707
                                                      
Represented by:                                       
Shareholders funds and        
minority interests             6,763     6,345       6,707


                              
                ORIENTAL RESTAURANT GROUP PLC
 Interim Results for the six months ended 30 September 1999
                              
               Summarised Cash Flow Statement
                              
                            30.09.99   30.09.98    31.03.99
                          (Unaudited) (Unaudited)  (Audited)
                             £'000       £'000       £'000
                                                   
Net cash inflow from     
operations                    504         686        1,649
                                                   
Returns on investments and                         
servicing of finance           21         122          186
                                                   
Capital expenditure and                            
financial
investment                (1,636)     (2,519)       (3,759)
                                                   
Taxation                     (29)          0          (417)
                                                   
Acquisitions and disposals     0           0             0
                                                   
Equity dividend paid        (249)       (229)         (344)
                                                   
Cash outflow before use of                         
liquid
resources and financing   (1,389)     (1,940)       (2,685)
                                                   
Management of liquid                               
resources
Utilisation of Short Term 
Deposits                     750       1,272         3,022
                                                   
Financing                                          
Issue of ordinary share   
capital                       4           4             8
                                                   
Increase/(decrease) in    
cash                       (635)       (664)          345


                              
                ORIENTAL RESTAURANT GROUP PLC
 Interim Results for the six months ended 30 September 1999
                              
                 Notes to the interim report
                              

1. The results for the six months ended 30 September 1999
   together  with  comparatives for 1998 were  shown  by  the
   following tables:

1999              Total   Restaurants    Wholesale   Central Kitchen
                  £'000      £'000        £'000         £'000
                                                 
Turnover          5,683     4,661         1,022            -
                                                 
Trading             325       300           102          (77)
profit/(loss)
                                                 
Development and                                  
infrastructure    (119)      (68)             -           (51)
costs
                                                 
Operating          206       232             102         (128)
profit/(loss)
                                                 
                                                 
1998              Total   Restaurants    Wholesale   Central Kitchen
                  £'000     £'000          £'000         £'000
                                                 
Turnover          4,486     3,519           967            -
                                                 
Trading profit      499       388           111            -
                                                 
Development and                                  
infrastructure       -         -              -            -
costs
                                                 
Operating           499       388           111            -
profit


2.    Taxation  has been provided at the estimated effective
      rate for the year ending 31 March 2000.


3.    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 9,588,470 (1998: 9,568,470).


                ORIENTAL RESTAURANT GROUP PLC
 Interim Results for the six months ended 30 September 1999
                              
            Notes to the interim report (Cont'd)


4.    The weighted average number of equity shares used  for
      calculation of the diluted earnings per share is 9,688,470
      (1998:  9,668,470).  The weighted average number of equity
      shares  is  calculated using a dilution of 100,000  (1998:
      100,000)  ordinary  shares in respect  of  dilutary  share
      options in issue.


5.    The dividend of 1.2 pence per share will be paid on 19
      January 2000 to shareholders on the register on 10 December
      1999.


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

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