Trading Statement

Belgo Group PLC
11 January 2000


Belgo Group Plc ( 'Belgo' or 'the Group')

Trading Statement

As a result of the disappointing performance of certain areas of the Group
during the first half of the current financial year, the board of Belgo
expects that the results for the year ending 30 June 2000 will be below market
expectations.  The expected shortfall is principally due to the poor results
of the new overseas restaurants, where sales growth has been slower than
originally anticipated,  together with a disappointing first quarter across
the Group, with the exception of the Caprice Holdings division.

In recent months the main areas of the Group, namely the core Belgo outlets,
Bierodromes and the Signature division of restaurants, have generally
performed in line with expectations.  In particular the Bierodrome concept has
been well received and further openings are planned during the current
financial year.  In addition, the Group's latest concept, Strada, whilst at an
early stage, is performing well and further sites have been identified.

At the time of the Group's reverse takeover in January 1998, the Group
comprised two restaurants, Belgo Noord and Belgo Centraal.  Since then the
Group has expanded and now consists of 9 Belgo/Bierodromes, 1 Strada and the 8
Signature restaurants.  The board's original strategy remains, namely, the
expansion of the Belgo and Bierodrome brands alongside the development of a
second roll-out concept. The Group remains debt free and the current roll-out
plan is expected to be funded out of internal cash flows.  The board remains
very confident about the long term growth of the Group.


Enquiries:

Belgo Group Plc       
Andy Bassadone - Chief Executive           0468 860838
Nick Fiddler - Finance Director            0171 911 6017

Citigate Dewe Rogerson
Simon Rigby                                0171 638 9571