Trading Update

COMPASS GROUP PLC 5 October 1999 Trading Update Compass Group PLC is today starting its normal analysts' briefings ahead of its close period leading up to the announcement of results for the year ending 30th September 1999. In line with 'best practice' the company is also making this statement to ensure that the information being provided is widely available. Francis Mackay, Chairman, Compass Group PLC, commented: 'During the year Compass Group has continued to concentrate on the successful implementation of its focused strategy - concentrating on expanding our segmentation and foodservice branding approaches across our business. Turnover and profits continue to increase in line with market expectations.' Key points to note are: * The company confirms that its trading results for the year are anticipated to be in line with market expectations. * Strong new business growth and business retention continues across the Group. New contracts announced include: * Appointment as official supplier for the 2002 Salt Lake Winter Olympic Games for foodservice and vending. Eurest will be exclusively responsible for all athlete and public foodservice and vending in addition to corporate hospitality; and * United Technologies 10 year contract for staff foodservice and vending at 27 sites in the US - total contract revenues $300m. * All senior management appointments completed and in place following the appointment of Francis Mackay as Chairman and Michael Bailey as Group Chief Executive in June 1999. Michael Bailey, Group Chief Executive, said: 'Compass Group is well-positioned to further grow in its target marketplaces and to build on our success with continued margin improvements throughout the business'. The company's Preliminary Results announcement will be made on 9th December 1999. Contact: Andrew Lynch, Group Finance Director, Compass Group PLC Telephone : On 5th October 0171 796 4133 until 4pm. Thereafter 01932 573000 Cathi Lawrence, Corporate Communciations Director, Compass Group PLC Telephone : On 5th October 0171 796 4133 until 4pm. Thereafter 01932 573000 Nick Lyon, Hudson Sandler Ltd Tel:0171 796 4133 NOTES TO EDITORS Compass Group is the world's leading foodservice company, providing service to clients in more than 50 countries around the world including the USA, UK, Continental Europe, Eastern Europe, South America, South Africa and Asia. Compass Group floated on the UK Stock Exchange in 1988 and since 1992 has experienced significant growth, now employing approximately 170,000 people worldwide. Compass Group companies can offer clients an extensive range of high quality brands including Burger King, Pizza Hut, Upper Crust, and Ritazza. Compass Group's web site is located at www.compass-group.com
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