Trading Statement

Bovis Homes Group PLC Bovis Homes Group PLC Trading Update 9 July 2007 Bovis Homes Group PLC is today issuing a trading update ahead of reporting its interim results for the six months ended 30 June 2007. Against a backdrop of increasing interest rates over the first half of 2007, the Group has generated good pre-tax profit growth in line with the Group's internal expectations. The Group legally completed 1,256 homes during the first half of 2007, as compared to 1,262 legal completions in the same period in 2006. The average sales price achieved was in line with the previous half year at around £189,000, and the average sales price per square foot was up by some 4%, with an offsetting reduction in the average size of homes legally completed. Given the current strength of the land market, the Group has already secured the bulk of its planned land sales for the year with £20m of sales, as compared to £10m in the corresponding period last year. The Group anticipates that its operating margin will be broadly in line with that produced in the first half of 2006, after adjusting out the one-off pension credit taken in the first half of 2006. The Group has enjoyed another period of positive cash generation, and exited the first six months of the year with net cash in hand, following a continuation of the Group's relative caution in investing in consented land. The consented land bank now stands at c11,600 plots as at 30 June 2007, as compared to 12,395 plots at 31 December 2006. As a consequence of this favourable cash flow profile, financing costs in the first half of 2007 were minimal. Looking ahead, the Group has secured 2,282 cumulative reservations for the year as at 30 June 2007, as compared to 2,273 reservations at the same point last year. These figures reflect a recent slowdown in both visitor rates and in reservation rates. Whilst the Group is in a good position to expand and deliver shareholder value, the extent of the planned increase in volume for 2007 over that achieved in 2006 will depend on consumer confidence over the key summer and autumn selling period. A further update on the outlook for 2007 will be provided with the interim results, which will be announced on 10 September 2007. -0- *T Enquiries: Malcolm Harris, Chief Executive Emily Bruning Bovis Homes Group Plc Shared Value Limited Tel: 01474 876200 Tel: 0207 321 5027 *T

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