Trading Update

Fisher (James) & Sons PLC
18 December 2007



18 December 2007


                           James Fisher and Sons plc

                                 Trading Update

Following our encouraging first half performance, trading in the second half of
the year has been consistent with the first period and in line with management's
expectations.

The marine support divisions of offshore oil and specialist technical have
continued to trade in strong markets.  In July we acquired NDT (NDT Inspection
and Testing Ltd) for up to £2.1m, which we have merged into James Fisher
Inspection and Measurement Services Ltd and in October Pump Tools Ltd for £7.7m
cash which will operate closely with RMS (Remote Marine Systems Ltd) in their
overlapping specialist markets.  Good progress has been made on the Korean and
Singapore submarine rescue contracts by James Fisher Defence Ltd.

The benefits of the Everard acquisition are coming through as planned.  The last
of the Everard's newbuildings, mt Supremity, has recently passed its delivery
sea trials and commenced trading.  As part of the fleet renewal programme we
have agreed to sell three of our oldest ships:- mt Agility in October for £1.4m
cash, mt Severn Fisher for £1.8m cash in December and mt Alacrity for completion
in January 2008 for circa £1.4m cash, the combined book profit will be in excess
of £1m.

The trading outlook for 2008 continues to be promising and the management
believes the Group is well placed to continue to deliver increasing shareholder
value.



Contact


James Fisher and Sons plc Tim Harris, Chairman                     020 7614 9508

www.james-fisher.co.uk
                          Michael Shields, Group Finance Director  01229 615 503
Financial Dynamics        Richard Mountain/Sophie Kernon           020 7269 7225



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