Statement re Analyst/ Investor meeting re Trading

Bovis Homes Group PLC
                  

BOVIS HOMES GROUP PLC

Analyst/ Investor Meeting
Tuesday 9th November 2004

Trading Update

Bovis Homes Group PLC is meeting with analysts and investors today and will be
providing a trading update prior to visiting its Swindon developments.

Malcolm Harris, Chief Executive of Bovis Homes will today advise:

'Following a strong housing market in the first six months of the year, sales
reservations achieved by the Group from July to October have slowed as the
housing market has moderated in response to interest rate rises. The Group
continues to hold a greater number of cumulative reservations for the year to
date compared with the same period in 2003. The increase now stands at 6%. As a
result of this good sales position, legal completions for the current financial
year are expected to be above last year's numbers but, because of the recent
sales reservation rate, could be below the volume previously anticipated.

The Group continues to operate a policy of profit optimisation from the houses
it sells and can report that average sales prices and margins remain in line
with Group expectations. Other income has increased above that previously
expected.

The Group now anticipates that its average net borrowings for 2004 will be lower
than previously anticipated given the already reported cautionary approach by
the Group to land investment in the second half of the year.

The fundamentals relating to our industry remain sound and based upon existing
market conditions we are confident of delivering a good set of results this
year.

In anticipation of the change in market conditions, the Group has, over the past
two years, developed a range of new value driven quality products which have
gained planning consent on a number of developments. This further innovation in
product design will allow the Group to satisfy the demand from first time buyers
for a high quality affordable home. Within the Group's projected turnover for
2005, we anticipate legally completing approximately 2,000 homes with a sales
price below £200,000 compared with around 1,550 homes with a sales price below
£200,000 this year.

Our strong land holdings and innovative product range provide us with confidence
that we can deliver increased volumes over the coming years which we believe
will continue to add shareholder value.'

Enquiries:

Malcolm Harris, Chief Executive         Andrew Best/ Emily Bruning
Bovis Homes Group PLC                   Shared Value Ltd
Tel: [phone]                       Tel: [phone]