Trading Statement

OneMonday Group PLC
24 January 2002


                              ONEMONDAY GROUP PLC

                             ANNUAL GENERAL MEETING

                           THURSDAY 24th JANUARY 2002


                                 TRADING UPDATE


For OneMonday Group, this financial year is turning out much as predicted in
October at the time of the preliminary announcement of last year's figures. With
slightly lower revenues than anticipated, profitability for the six months to
January 31st remained weak, but is expected to be stronger in the second half as
the Group benefits from reduced overheads, the elimination of loss-making
subsidiaries and the impact of major new business wins, including Inmarsat
(Bite) and Dell and Whirlpool (AUGUST.ONE).  Most notably, in October Text 100
commenced the largest assignment ever given to the Group, which will see it
handling IBM's global product PR business.   This relationship, which is on
broadly standard terms, is due to be reviewed after two years.


Overall, the board is satisfied that the Group is trading comfortably within its
borrowing facilities, and in general terms, is seeing a gradual increase in new
business activity both in Europe and more particularly in the USA, where the
flow of leads has increased four-fold since the darkest days of 2001.


At a global level the market for technology-related PR services remains
depressed. The technology slump of 2001 began in the US, and made its way
eastward to Europe and then to Asia Pacific. The board takes the view that any
recovery is likely to follow the same course, and has noted the more optimistic
tone of corporate statements currently coming from US technology companies.
However, this underlying feeling of cautious optimism has not yet reached
Europe, and trading remains particularly weak in Asia Pacific.


It is currently very fashionable to talk about a technology-led recovery in the
US economy during 2002, and if this does occur, the Group will be well
positioned to capitalise on it. The board is pleased that despite the extreme
difficulties experienced in 2001, the senior management teams within the Group
and its subsidiaries remain motivated and determined to succeed. Positive
indicators of corporate health and momentum include Text 100 recently being
shortlisted for PR Week magazine's annual 'US Agency of the Year' award, and a
survey in another North American industry newsletter - the Holmes Report - which
highlights Text 100 as the most desirable technology agency in which to pursue a
PR career. On this side of the Atlantic, the European Technology Forum awarded
Text 100 its 'PR Consultancy of the Year' award in October 2001.


Tom Lewis
Chairman


For further information please contact either Nick Denton at Hogarth Partnership
Limited, tel. [phone] or David Dewhurst, Finance Director, tel. [phone]
8500



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