AGM Statement

Reliance Security Group PLC
07 September 2004


                                                                7 September 2004
                  Reliance Security Group plc (the 'Company')
                                 AGM Statement

At the Company's Annual General Meeting today, Brian Kingham, Chairman,
commenting on current trading, said:

'In the first few months of the current financial year our businesses have
performed in line with our expectations.

In security services, market conditions have remained challenging, particularly
in manpower security, probably affected by uncertainties in the lead up to
regulation of the private security industry in January 2005. We are continuing
to apply our capabilities in management and manpower, mobile response,
electronic security and remote surveillance and are harnessing new technologies
to develop innovative, cost-effective security solutions for our customers. We
believe that, when fully implemented, regulation will greatly benefit the
industry and its customers and, accordingly, we expect market conditions to
improve in the medium term.

The market for facilities management and outsourced business processes remains
dynamic, demand being particularly strong in the public sector. The mobilisation
of the 7-year, £150 million contract to provide infrastructure and services for
prisoner escorting and court custody in Scotland is proceeding as expected,
after extensively publicised initial teething problems. In August we
successfully mobilised on schedule a similar, 7-year £250 million contract in
South Wales, the Midlands and the West of England. Work on our PFI contract for
the new Gloucestershire Police Headquarters has commenced and is on schedule. We
have just bid our first combined Police and Fire Service PFI. Our forward order
book remains healthy and we are preparing bids for a number of other significant
new contracts.

We expect the Group to make further progress this year and maintain its strong
financial position.'


Notes to Editors
Reliance is an established market leader in the provision of contract security,
facilities management and support services and in business process outsourcing.
Reliance employs over 12,000 people from a network of offices throughout the UK.

For further information:

Brian Kingham     Chairman                     020 7730 9716

Neil French       Group Finance Director       01895 205002
     


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