Chairman's Trading Update

Christie Group PLC 8 June 2000 CHRISTIE GROUP - ANNUAL GENERAL MEETING CHAIRMAN'S TRADING UPDATE In the first few months of the current financial year, activity levels have remained high in all group companies. We have continued to pursue our strategy for growth, with both Christie & Co and Venners Computer Systems ('VCS') due to open offices in Barcelona later this month. In our Professional Business Services division we are utilising e-commerce to enhance our product offering and Christie.com is already proving an important conduit for business. We also continue to invest in new customer solutions in our Computer Services Group. The French software house acquired in March, Timeless, is performing as expected. This week, Colombus, its internet- enabled retail system, has been introduced to the UK at the Retail Solutions Exhibition. We reported in March that VCS had had a slow start to the year following the uncertainty surrounding the impact of Year 2000 issue generally. However, I am pleased to say that the order book is now building well for the second half and beyond. The current level of activity is not fully reflected in our turnover for the year to date even though, excluding VCS, we are slightly ahead of this time last year. The opening months of the year have proved tougher than expected and we have also been increasing our level of investment in the business during this period. Due to these factors we believe that Group profit for the year will be no more than that achieved in 1999. However, we continue to look forward to a successful second half. Philip Gwyn - chairman Contacts: Philip Gwyn Chairman Christie Group 0207 7227 0707 David Rugg Chief Executive Christie Group 0207 7227 0707 Robert Zenker Finance Director Christie Group 0207 7227 0707 Or Charlotte Elston Brunswick 07974 982 463
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