Trading Update

Cheerful Scout PLC
26 February 2008


          Cheerful Scout Plc / Index: AIM / Epic: CLS / Sector: Media

26 February 2008

                Cheerful Scout Plc ('Cheerful' or 'the Company')


                                 Trading update


Cheerful Scout Plc, the AIM-traded events and film & video specialist, expects
to announce interim results for the 6 months ended 31st December 2007 on 20th
March 2008. Changing market conditions and a slowdown in corporate spending has
resulted in the recent loss of two large contracts, which it had been
anticipated would contribute to both half year and full year results. As a
consequence, the Company's results will not meet current market expectations. As
at 31st December 2007 the cash balances held by the Company were in excess of £1
million.


                                  * * ENDS * *


For further information visit www.cheerfulscout.com or contact:

Gary Fitzpatrick           Cheerful                      Tel: [phone]
Isabel Crossley            St Brides Media               Tel: [phone]
Mark Percy                 Seymour Pierce Limited        Tel: [phone]



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