Trading Statement

RWS Holdings PLC
26 October 2004




                                                               26 October 2004

                                RWS Holdings plc
                            ('RWS' or the 'Company')

                              Pre Close Statement

RWS, the intellectual property support services company, today provides an
update prior to entering into the close period for the Company's results for the
year ended 30 September 2004, which are to be published on 5 January 2005.

Revenue and profits for the year ended 30 September 2004, despite adverse
currency fluctuations in the second half, are anticipated to be in line with
market expectations. Good margins have been maintained and the results
demonstrate the continuing underlying growth in translations although core
search activity has been flat. Currency hedges are now in place for most of 
2004/05.

Current activity levels and the order book are strong, supported by important
contract wins and reflecting industry's requirement for RWS's specialist
services and for the protection of intellectual property.

RWS is firmly focused on providing quality translations and searches to maximise
client protection. The Company continues to evaluate and pursue the development
of new added value services to supplement existing core services and offer
efficiencies to clients and to actively explore potential acquisitions that
would expand and broaden the base core competencies and services of the Group.
RWS enjoys robust financial strength with over £10 million of net cash.

Andrew Brode, Chairman, commented:

'I am delighted that RWS continues to demonstrate its ability to take advantage
of industry's need for quality translation and search services which result in
our ongoing financial and product portfolio growth.'

For further information, please contact:

RWS Holdings plc
Andrew Brode (Chairman)                                      Tel: [phone]

Weber Shandwick Square Mile
Nick Oborne                                                 Tel: [phone]




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