Trading Statement

Portmeirion Group PLC
05 June 2003


                             Portmeirion Group Plc

                               Trading Statement



As referred to in the annual report for the year ended 31December 2002,
Portmeirion Group PLC ('the Company') has faced challenging circumstances with
the uncertain political situation and declining economic prospects in the
Company's major markets threatening to depress consumer spending.


Since the beginning of the current financial year, this situation has been
exacerbated by the Iraq war, which has further depressed consumer confidence and
spending in North America as well as reduced the number of North American
tourists travelling abroad resulting in lower sales of the Company's flagship
'Botanic Garden' range in the UK. This situation has been exacerbated by the
outbreak of the SARS virus, which has reduced the number of tourists from the
Far East visiting the UK.

As a result, Portmeirion's sales and consequently its pre-tax profits for the
year ended 31 December 2003 are likely to be materially lower than for last
year.


Cost cutting measures have been taken and new product ranges are being
introduced to the market in the second half and if the economic climate
improves, particularly in the USA, we would hope to see some recovery during the
second half of the year.





Enquiries:

Portmeirion Group Plc                                 01782 744721
Arthur Ralley (Chairman)
Brett Phillips (Finance Director)




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