Trading Update

Portmeirion Group PLC
17 January 2003

                             PORTMEIRION GROUP PLC

                                 TRADING UPDATE


Group sales, for the year ended 31 December 2002, have been significantly better
than originally expected in the Far East, and this has more than compensated for
the difficult trading conditions in the USA.  As a result, total Group sales
have increased by 3% for the full year.

Furthermore, continuing improvements in manufacturing efficiency and
productivity have produced an increased manufacturing gross margin.

As  a  result,  full  year  pre-tax  profits  for  the  Group  are  expected to
be not less than £2.75 million.



Enquiries to:

A.W. Ralley         )     01782 744721
B.W.J. Phillips     )


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