Howdens Joinery Seminar

Friday 4 October 2002 07.00am MFI Furniture Group Plc Howdens Joinery Seminar MFI Furniture Group Plc will be holding a seminar for analysts and investors on Howdens Joinery today. Howdens is the Group's trade business, selling kitchens and joinery related products to independent building contractors from depots across the UK. Howdens was established in 1995, and reported sales of £225m and operating profit of £ 24.5m in 2001. The Group currently has 254 Howdens depots in the UK, and has identified an opportunity for 380 UK depots by 2005. It will also report that early sales at its pilot of 12 depots in the US are in line with its experience of start up in the UK. At the interim results on 25 July the Group said that it did not expect consumer expenditure growth rates to continue at the levels then being seen, and that it was comfortable with market expectations for the outcome for the year. The Group has continued to perform in line with these expectations since then. This meeting will focus on Howdens and the Group's regular autumn trading statement will be made on 13 November 2002. Today's presentation will be available from 11.00am at www.mfigroup.co.uk. - ends - Enquiries: Charlotte Elston Brunswick 020 7404 5959 Katya Reynier
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