Trading Statement

Hornby PLC
31 March 2008


                               TRADING UPDATE

Hornby Plc ('Hornby' or 'the Group'), the international models and collectibles
group, has today announced a trading update for the year ended 31 March 2008.
The Group is expecting to announce its preliminary results on 6 June 2008.

Trading Update

The year has seen strong demand for the Group's products. We have continued to
make good progress with our strategy to broaden the scale of our operations and
to accelerate the growth of our European subsidiaries.

Demand in the second half of the year in the UK and Europe has continued to be
good and this has built on the solid foundations set by a strong first half.
However, as mentioned in our January Trading Statement we have experienced
delays in new product shipments to our European subsidiaries from our Far East
manufacturing partners. The impact of these delays led to a shortfall in sales
in Europe compared to our expectations, although sales will still be
significantly ahead of the prior year. The effect of this will be to defer sales
of these new products into the financial year ending 31 March 2009. We have
taken steps to ensure that the rate of new product deliveries is improved to
meet demand in the new financial year. In the UK, whilst demand has been above
the levels of the previous year, we have seen some weakening of consumer offtake
in the final weeks of the financial year. As a result of these factors, Group
sales for the year are expected to be around £56 million, 19% ahead of the prior
year. This is a healthy level of growth, but falls short of our previous
expectations. Pre-tax profit has been impacted and is now expected to be between
£8.75 million and £9 million, compared to £7.7 million in the previous year.
Taking out the effects of currency translation on intercompany loans the figures
are expected to be £8.1 million - £8.35 million compared to £8 million in the
prior year.

Prospects

We enter the new financial year in good shape. The markets offer good
opportunities despite the weakening economic background. As a hobby based
business, we expect demand for our products to remain resilient. During previous
periods of weakness in the economy sales of hobby related products have remained
robust. We have a strong pipeline of new products and we are expecting that the
launch in the Autumn of the new James Bond film, Quantum of Solace, will be well
received and that sales of our related slot-car products will be strong. We also
envisage continued strong growth in demand for our Airfix product ranges and in
our main European markets as we continue to rebuild sales of the brands we have
acquired over the past four years.

Chairman, Neil Johnson commented:

'We are pleased with the overall health of our business in this increasingly
difficult economic environment. We are confident that our strategy of building a
broadly based hobby business will continue to enhance shareholder value. Whilst
we expect the economic environment to remain challenging, we are confident that
we enter the new financial year with the right platform to continue growing the
scale and profitability of the Group.'

                                    -ends -


Date: 31 March 2008
For further information contact:

Hornby Plc                                               City Profile
Neil Johnson, Chairman                                   Simon Courtenay
Frank Martin, Chief Executive                            William Attwell
Andrew Morris, Group Finance Director                    020-7448-3244
01843-233500
Web: www.hornby.com





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