Osborne & Little PLC

Trading Statement

Osborne & Little PLC
5 November 2001



                              Trading Statement

                      Osborne & Little plc (the 'Group')


Against the background of difficult trading conditions, exacerbated by the
horrific events in the United States on September 11 2001, and cost and time
overruns on the introduction of our new advanced computer system, the Board
announces that the Group will report a small loss for the six months ended 30
September 2001.

It is too early to forecast the outcome for the full year but the Board
considers that, although the Group will return to profitability in the second
half of the year, the full year result will be significantly below the
previous year. However, the benefits of the new computer system are now
becoming apparent and sales are recovering to more normal levels. These
improvements together with a number of cost cutting measures enable the Board
to maintain the interim dividend at 13p per share. The Board will decide the
level of the final dividend at the appropriate time. The Group intends to
release its interim results on Friday 30 November 2001.


Enquiries:          Osborne & Little plc      020-8675 2255

Sir Peter Osborne (Chairman)

Peter Soar (Finance Director)