AGM Statement

Savills PLC
05 May 2004





                                                                      5 May 2004


                                 AGM STATEMENT


At today's Annual General Meeting of Savills plc, the international property
adviser, the following statement will be made by the Chairman, Richard Jewson:

'We have made a satisfactory start to 2004, with trading generally in line with
expectation, and in some cases ahead. Improvements in economic activity have
further boosted confidence in most of the markets in which we operate.

UK Commercial investment markets remain strong; however there is currently a
dearth of products coming onto the market which is slowing down transaction
volumes. There are signs that the Commercial leasing market in both Central
London and the regions is picking up. Residential markets continue to move ahead
and volumes of transactions are markedly above the same period last year, which
was a particularly weak market. Our Consultancy and Property Management
businesses continue to grow and perform well and Financial Services have made
another good start to the year.

In Asia, the Hong Kong market has bounced back from 2003 levels and transaction
volumes are up in the first quarter. European activity is consistent with 2003.

We are confident that the quality and breadth of our businesses will ensure that
we can capitalise on generally improving economic conditions throughout the
world and produce further growth.'



ENDS

For further information, please contact:

Grandfield
Marc Popiolek     020 7417 4170

Notes to editors


Savills plc is a leading international property services company with a full
listing on the London Stock Exchange. The company has undergone dynamic growth
in recent years establishing itself as a powerful player on the international
stage with offices and associates throughout the UK, Europe, Asia Pacific and
Africa. In addition, Savills' strategic alliance with a top US full service real
estate advisory company, Trammell Crow Company, in North America, means that
clients have access to a network of offices in the US and Canada.


FPDSavills is the trading name for the property service subsidiaries of Savills
plc which advise on commercial, rural, residential and leisure properties. Other
services include corporate finance advice, property and venture capital funding
and a range of property related financial services.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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