Interim Results

Reliance Security Group PLC
7 December 2000


                       RELIANCE SECURITY GROUP PLC
            INTERIM RESULTS FOR THE 6 MONTHS TO 27 OCTOBER 2000


*  Profit Before Tax of £3.9m (1999 - £3.4m), increase of 13.0%
*  Earnings per share up 14.3%
*  Operating cashflow £2.2m (1999 - £3.4m)
*  Dividend increase to 2.8p per share (1999 - 2.5p), up 12.0%

Commenting on the results, the Chairman, Brian Kingham, said:

*  The security, support services and facilities management markets have 
   continued to enjoy strong growth
*  £90m over 30 years PFI Success with the Police Service
   Investment in a 37% stake in Command Security Corporation Inc. in the
   United States, our first move outside the UK
*  We acquired a 16% stake in Chesterton International PLC, a leading
   provider of property related services, including facilities management

For further information:

Brian Kingham, Chairman                 020 7730 9716
Geoff Haslehurst, Finance Director      01895 205 000




Notes to the Editors:  Reliance is an established market leader in the 
provision of contract security, electronic surveillance, facilities 
management and support services.  Reliance employs over 8,000 people 
from a network of offices throughout the UK.


CHAIRMAN'S STATEMENT
Results
Sales for the six months to 27 October 2000 increased by 13% to £83.7m
(1999 - £74.1m) and pre-tax profits rose by 13% to £3.9m (1999 - £3.4m)
with EPS rising to 11.58p (1999 - 10.13p).  Net cash generated from
operations was £2.2m (1999 - £3.4m).

Review
The security, support services and facilities management markets have 
continued to enjoy strong growth.  We have invested heavily to position
ourselves to sustain significant expansion in the longer term, placing
emphasis on the specialist and higher value added areas of our markets.
The first six months have been characterised by mobilisation and building
of management, organisation and structures to support and deliver a broad
range of high quality business services and products.

Our security and electronic surveillance businesses also enjoyed strong
sales growth.  In our first move outside the UK, we announced in
September our investment in a 37% stake in Command Security Corporation
Inc. in the United States.  This provides an important window on 40% of
the world security market as well as opportunity to benefit from
transatlantic co-operation.  Also in September, we invested in Safe 
Estates Services Limited, a start up specialist, electronic and physical 
security provider to the void property market.  In October, our secure
task management partnership with Ballast plc and Charterhouse Project 
Equity achieved preferred supplier status to Sussex Police for the 
design, construction and operation of a contract for over £90m over 30 
years which we believe is the largest yet PFI by the Police Service.
Reliance Integrated Services Limited, our specialist facilities 
management operation, in partnership with Carillion and Haden have now
commenced the mobilisation of the £500m, over 5 years, facilities 
management contract for the British Telecom 8,500 property estate 
announced in May.  As announced yesterday, we acquired a 16% stake in 
Chesterton International PLC, a leading provider of property related 
services, including facilities management.  We view this as a strategic 
investment in a business area which we know well.  

These moves place the group in a strong position to meet the changing and 
increased demands of existing and new customers.  They are calculated to 
place us at the forefront of markets which are in a state of dynamic 
change.

Dividend
The directors have pleasure in declaring an interim divided of 2.8p 
(1999 - 2.5p), payable on 26 January 2001 to shareholders on the register 
on 12 January 2001.

Outlook
Our investment in new businesses, in specialist market segments and in 
geographic expansion of our core security business provides a powerful 
base from which to generate increased business and profits.  The mixture 
of organic growth, new business start-up, partnerships and strategic 
investment provides a balanced capability to meet the needs of our 
customers in markets which are in a state of change and convergence.   We 
remain optimistic about future prospects.



Brian Kingham
Chairman                                              December 2000        



Group profit & loss account
  for the six months ended 27 October 2000



                                 Unaudited        Unaudited      Audited
                             Six months to    Six months to      Year to
                                27 October       29 October     28 April
                                      2000             1999         2000
                      Notes          £'000            £'000        £'000

Turnover                            83,713           74,088      152,888

Cost of sales                      (67,843)         (59,885)    (123,498)

Gross profit                        15,870           14,203       29,390

Administrative 
Expenses                           (12,141)         (10,976)     (21,276)

Operating profit                     3,729            3,227        8,114

Net interest 
Receivable                             124              183          391

Profit on ordinary 
activities before 
taxation                             3,853            3,410        8,505

Tax on profit on
ordinary activities                 (1,233)          (1,125)      (2,840)

Profit for the period                2,620            2,285        5,665

Dividends                             (646)            (575)      (2,378)

Retained profit for the 
Period transferred 
to reserves                  4       1,974            1,710        3,287

Earnings per share

  Basic                      3       11.58p           10.13p       25.08p
  Diluted                    3       11.48p           10.06p       24.81p

Dividend per share                    2.80p            2.50p       10.50p

Shares issued and
fully paid                      23,059,768       23,005,354   23,055,497

There were no unrecognised gains or losses in the period under review.



Group balance sheet
  as at 27 October 2000

                                  Unaudited       Unaudited      Audited
                                 27 October      29 October     28 April
                                       2000            1999         2000
                           Notes      £'000           £'000        £'000
Fixed Assets
Intangible assets - Goodwill          1,312           1,368        1,348
Tangible assets                       5,604           6,571        5,920
Investments                           1,429             925          925

                                      8,345           8,864        8,193


Current Assets
Stocks and work in
Progress                              1,451           1,466          523
Debtors                              26,042          17,830       21,597
Cash at bank and in
Hand                        5         6,955           8,498        8,172

                                     34,448          27,794       30,292

Creditors: amounts
falling due 
within one year                     (23,746)        (21,065)     (21,350)


Net current assets                   10,702           6,729        8,942
Total assets less
current liabilities                  19,047          15,593       17,135

Creditors: amounts 
falling due after more 
than one year                          (210)           (326)        (272)

Net Assets                           18,837          15,267       16,863

Capital and reserves
Called up share capital               1,153           1,151        1,153
Share premium account                 1,844           1,827        1,844
Revaluation reserve                     152             152          152
Profit and loss account              15,688          12,137       13,714

Equity shareholders' funds     4     18,837          15,267       16,863


Group cash flow statement
  for the six months ended 27 October 2000


                                  Unaudited       Unaudited      Audited
                              Six months to   Six months to      Year to
                                 27 October      29 October     28 April
                                       2000            1999         2000
                         Notes       £'000s          £'000s       £'000s

Net cash inflow
from operating 
activities                 6          2,165           3,392        5,588

Returns on investment
and servicing of 
finance
Interest received                       142             222          433
Interest paid                             0              (9)         (12)
Interest element on
finance lease 
repayments                              (18)            (30)         (30)

Net cash inflow from
returns on 
investment and 
servicing of finance                    124             183          391

Taxation
UK corporation tax paid                (732)              0       (3,193)

Capital expenditure and 
financial investment
Purchase of tangible fixed 
Assets                                 (423)         (2,288)      (2,700)
Purchase of ESOP shares                 (95)           (398)        (398)
Purchase of trade investments          (409)              0            0
Sale of tangible fixed assets            61              37          970




Net cash outflow from 
capital expenditure 
and financial investment               (866)         (2,649)      (2,128)

Acquisitions and disposals
Purchase of subsidiary 
Undertaking                               0            (550)        (550)

Equity dividends paid                (1,845)         (1,563)      (2,097)

Net cash outflow before 
Financing                            (1,154)         (1,187)      (1,989)

Financing
Issue of Ordinary
Share Capital                             0              76           95
Increase in short term 
Borrowings                                0               0          417
Capital element on
finance lease 
repayments                              (63)           (120)         (59)

Net cash outflow from
Financing                               (63)            (44)         453

Decrease in cash in 
the period                           (1,217)         (1,231)      (1,536)



NOTES

1  Preparation of unaudited interim financial information
   The unaudited interim financial information which does not comprise
   full accounts,has been prepared on the basis of the accounting
   policies set out in the statutory accounts of the group for the year 
   ended 28 April 2000, from which the results for the year have been
   extracted. These statutory accounts received an unqualified audit
   opinion and have been filed with the Registrar of Companies.

2  Taxation
   Corporation tax for the six months to 27 October 2000 has been
   calculated at the rate of 30% (1999: 30%).

3  Earnings per share
   The basic and diluted earnings per share for the six months to 27 
   October 2000 have been calculated using the profit after tax and on
   the weighted average number of shares in issue during the period less
   shares held by the ESOP trust of 22,616,068 and 22,831,268
   respectively.

4  Reconciliation of movement in equity shareholders' funds

                                 27 October      29 October     28 April
                                       2000            1999         2000
                                     £'000s          £'000s       £'000s
Profit on ordinary activities 
after tax                             2,620           2,285        5,665
Dividends                              (646)           (575)      (2,378)

                                      1,974           1,710        3,287
New share capital subscribed              0              76           95

Net movement in equity 
shareholders' funds                    1,974          1,786        3,382
Opening equity shareholders' 
funds                                 16,863         13,481       13,481

Closing equity shareholders' 
funds                                 18,837         15,267       16,863

5.  Analysis of the balances of cash and cash equivalents as shown in the
    balance sheet
                                  27 October     29 October     28 April
                                        2000           1999         2000
                                      £'000s         £'000s        £'000s

Cash at bank and in hand               6,955          8,498        8,172
Bank Overdrafts                            0            (21)           0

                                       6,955          8,477        8,172

6  Reconciliation of operating profit to net cash inflow from 
   operating activities

                                  27 October     29 October     28 April
                                        2000           1999         2000
                                      £'000s         £'000s       £'000s

Operating profit                       3,729          3,227        8,114
Depreciation charges                     680            550        1,101
Profit on the sale of fixed 
assets                                    (2)            (7)        (213)
Amortisation of goodwill                  36              0           60
Increase in stocks                      (928)        (1,268)        (264)
Increase in debtors                   (4,445)        (1,224)      (4,422)
Increase in creditors                  3,095          2,114        1,212

                                       2,165          3,392        5,588

7  Analysis and reconciliation of net debt

                                    28 April      Cash flow   27 October
                                        2000                        2000
                                      £'000s          £'000       £'000s

Cash at bank and in hand               8,172         (1,217)       6,955

                                       8,172         (1,217)       6,955
Debt due within one year                (967)           (95)      (1,062)
Finance Leases                          (588)            63         (525)

                                      (1,555)           (32)      (1,587)
Net funds                              6,617         (1,249)       5,368

8  Distribution
   A copy of the financial information will be sent to all shareholders.
   copies are available to the public from the Company's registered
   office at Boundary House, Cricketfield Road, Uxbridge, Middlesex, UB8 
   1QG