Trading Statement

Bovis Homes Group PLC Bovis Homes Group PLC Trading Update 6 November 2007 Bovis Homes Group PLC will be hosting an analyst and investor meeting in Birmingham on Wednesday 7 November. A copy of the presentation slides will be made available on the Group's website (www.bovishomes.co.uk/plc) during the day. Prior to the presentation, the Group is today issuing the following trading update: Recent events in the financial markets have adversely affected consumer confidence, resulting in sales being lower than anticipated during the key autumn selling period. The Group's current outlook for legal completions in 2007 is that volume, including the contribution from its recent acquisition of Elite Homes, will be marginally below that achieved last year. With the expected change in mix of homes, the average sales price is likely to be circa 3% below that achieved in 2006. The Group's operating margin, before taking into account one-off acquisition restructuring charges, is anticipated to remain at industry leading levels, broadly in line with the margin achieved at the half year 2007. The integration of the Elite Homes Group is progressing well and, as expected, will result in a one-off restructuring charge of around £2 million in 2007, together with an additional £1 million interest charge as compared with our expectation prior to acquisition. Looking ahead, the mid and longer term supply and demand dynamic remains very attractive in the housing market but, in the short term, sales will reflect this recent decline in consumer confidence, in particular as it relates to major consumer purchases. The Group remains in a strong position to increase shareholder value and continues to invest in both strategic land, and in the recruitment and development of high quality management throughout the business. -0- *T Enquiries: Malcolm Harris, Chief Executive Neil Cooper, Finance Director Bovis Homes Group PLC Tel: 01474 876200 Emily Bruning Shared Value Limited Tel: 07879 426358 *T

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