AGM Statement

Brown (N.) Group PLC
07 July 2004


                            AGM - Trading Statement


At the AGM which is being held in Manchester at 2.30 pm today, the following
statement will be made by the board:

In the first 18 weeks of the current year, group turnover is down by 1.9%, after
a difficult trading period in the retail sector.

Our core clothing and footwear catalogue sales continue to perform well.
However, the impact of tightening our credit policies has resulted in a further
reduction in home and leisure sales.

We are continuing to develop N Brown as an increasingly focussed multi channel
retailer specialising in niche product areas with new channels to market. Sales
through our web-sites are well up on last year and we are about to launch the
Express Shopping Channel, our joint venture with Northern and Shell, on
satellite television in the Autumn.

The rationalisation of the non-core activities has meant the closure of Eunite,
the interactive services company, and we are progressing the disposal of our
television rental business.

A number of measures to drive the business forward, including further extensions
to the product ranges, have been initiated. We expect the effect of these, and
targeted cost reductions, to result in an improving performance as the year
unfolds.


For further information please contact:

N Brown Group plc                               Tel: [phone]
Alan White, Chief Executive
Dean Moore, Finance Director

Gavin Anderson & Company                        Tel: [phone]
Liz Morley / Louisa Hollins



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