Wescol Group PLC

Stmnt re Share Price Movement

Wescol Group PLC
7 November 2001



The Board of Wescol notes the recent movement in its share price and the
rumours concerning the Company posted on the Internet. The Company intends to
release its preliminary results for the year ended 31 July 2001 during the
week commencing Monday 19 November 2001, but it expects to announce that the
outcome for the year will show a loss greater than the amount indicated in the
trading statement of 26 April, 2001. The Group is in sound financial standing
with a strong order book going forward.