Oliver Group PLC

Trading Statement

Oliver Group PLC
12 January 2000


Trading Statement

We indicated in our interim statement that the outcome for the year depended
on the Group's performance over the Christmas period.

In the six weeks to Saturday 8 January, sales were down 4.2% like for like (in
the equivalent period last year sales were up 3.9% like for like on the year
before).

Overall like for like sales in the year to date are down 1.8%.  The 82
converted Olivers Timpson 'family' stores which are now contributing about 50%
of the Group's turnover, are up 4% like for like year to date (current year
conversions are 19% ahead) while the unconverted stores have traded 6% down on
last year on a like for like basis.

The above sales performances are behind expectations and as a result the
pre-exceptionals loss for the 52 weeks ending 29 January 2000 will be
significantly greater than last year.

It is the Board's view that the footwear retailing industry needs significant
rationalisation and, to that end, the Group intends to play a full and active
part in the process.


Enquiries:
Martin Watts, Chief Executive
Paul Ryan, Finance Director
The Oliver Group PLC
Tel: 0116-222 3010