Trading Statement

International Greetings PLC
03 April 2008

3 April 2008
Embargoed 1pm


                          INTERNATIONAL GREETINGS PLC

                   ('International Greetings' or 'the Group')



              UK Business Reorganisation and Year End Trading Update



Following the trading statement made on 11 February, regarding the strategic
review of the Company's UK Greetings Division, action has now been taken in a
number of areas to reduce costs and increase performance. This has been
necessary in order to offset the extremely tough conditions surrounding the UK
retail climate.

Specifically, at the South Wales manufacturing facilities, a number of processes
are being rationalised and the Company has announced today to the Division's
staff that the permanent workforce will need to be reduced. To this end a 90 day
consultation period has been entered into.

In addition, all operational activities in the Division's associated Latvian
factory have been discontinued, with goods previously manufactured in that
location now being produced at the International Greeting's factory in China or
out-sourced.

In the course of its review of the UK Greetings Division to establish the
optimum recovery plan, the new management team has identified the full extent
and cost of the production and process problems experienced. Primarily as a
result of this Division's performance, the Group is now expected to make a
pre-tax loss of circa £3m before exceptional items and the results of
discontinued operations for the year ending 31st March 2008.

The Board reiterates its confidence in the Group's other businesses and
commitment to focus on and develop its core profitable activities. With the
reduction of the cost base and focus on margin enhancement in the UK Greetings
Division, an improved performance for this business and a return to profit for
the Group as a whole is confidently expected for the current year.


For further information:

International Greetings PLC                                    Tel: [phone]
Nick Fisher, Chief Executive

Arden Partners plc:
Richard Day                                                   Tel: [phone]
Tom Fyson                                                          020 7398 1637

Tavistock Communications                                      Tel: [phone]
Jeremy Carey


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