4th Quarter Trading Period

Churchill China PLC 11 January 2001 FOR IMMEDIATE RELEASE 11 JANUARY 2001 CHURCHILL CHINA plc STRONG PERFORMANCE IN KEY 4TH QUARTER TRADING PERIOD Further to the trading update given on 26 October 2000 Churchill China plc is pleased to report that trading in the key 4th quarter, and particularly in December, has been well above the Board's expectations and that it therefore expects to significantly exceed current market estimates of profitability for the year ended 31 December 2000. Sales levels in the Dining Out division have been strong in the UK where the division's customer service and product innovation have continued to ensure that it has delivered growth in what remains an attractive market. The Dining In division has continued to progress against its strategic objectives and the Group has implemented further measures to ensure that these targets are achieved. Progress in trading has been reflected in a strong operating cash flow and at 31 December 2000 the Group had net cash in hand. Investment in the growth areas of the business has and will continue. The improvement in the cash position of the Group will support the progressive dividend policy announced alongside the re-instatement of the interim dividend in September 2000. A more detailed analysis of performance and future prospects will be given with the Group's preliminary announcement of results for the year to 31 December 2000 in March 2001. Further information, please call: Stephen Roper, Chairman Tel No: 01782 577566 David Taylor, Finance Director Churchill China plc Tim Anderson Tel No: 0207 466 5000 Lisa Baderoon Buchanan Communications
UK 100

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