Trading Statement

Mothercare PLC 14 January 2004 14 January 2004 MOTHERCARE PLC TRADING STATEMENT Mothercare is today providing a trading update for the 13 week period from 10 October 2003 to 11 January 2004. 13 Weeks to 8 Weeks to 5 weeks to 11 January 2004 11 January 2004 14 November 2003 UK Store Sales 2.3% 3.3% 0.6% UK Store like-for-like 5.8% 6.5% 4.6% For the 13 week period to 11 January 2004, since the end of our half year, total UK store sales increased by 2.3% compared to the same period last year with UK store like-for-like sales up 5.8%. In the key Christmas trading period (the eight week period since our last trading update) UK store like-for-like sales were up 6.5% with total UK store sales up 3.3%. This improved performance is primarily due to the action taken to improve the design and quality of our product ranges together with a significant increase in product availability. Our Direct and International businesses continue to perform well. The gross margin improvement seen in the first half has been sustained. Our winter sale has performed well and seasonal stock levels are currently in line with our plan. Ben Gordon, Chief Executive said: 'We are pleased with how Mothercare has performed over the Christmas period, with strong sales in both our clothing and home & travel ranges. This performance has been achieved by trading at full price in the run up to Christmas together with the improvements we have made to our products and greater availability. We are reporting against a weak performance last year. Going forward the comparatives will become more demanding, however, we continue to make good progress in delivering our turnaround plans. If trading continues at current levels, we expect pre tax profit for the year will be ahead of current market forecasts.' Mothercare expect to make a pre-close statement on 31 March 2004 ahead of its preliminary results announcement for the 52 weeks to 27 March 2004. Enquiries to: Mothercare plc Ben Gordon, Chief Executive 01923 20 6000 Steven Glew, Finance Director 01923 20 6187 Brunswick Group Limited Susan Gilchrist/Philippa Power 020 7404 5959 This information is provided by RNS The company news service from the London Stock Exchange

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Mothercare (MTC)
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