Trading Update

Signature Restaurants PLC
16 November 2001

16 November 2001



            Signature Restaurants PLC ('Signature' or 'the Group')

                                Trading Update



At the preliminary results in September, the Group indicated that trading
conditions remained difficult into the new financial year and warned of the
potential downturn as a result of the events of 11 September. Since then, in
common with other London based restaurant operators, trading has continued to
be difficult. The Group has been particularly affected in the mid-priced
restaurants which are also those with the greater dependency on overseas
visitors.

The Caprice Holdings restaurants have been largely unaffected and remain
stable. Strada is also proving to be resilient.

The Board is taking decisive action and has disposed of the Clerkenwell site,
which was under-performing, and is continuing to rationalise the Group's cost
base.

The Group is behind budget and accordingly, if the difficult trading
conditions continue, it is likely that the Group's profits will be
significantly below current market expectations.





Enquiries
Signature Restaurants
Andy Bassadone - Chief Executive                         020 7557 6333
Nick Fiddler - Finance Director

Citigate Dewe Rogerson
Simon Rigby                                              020 7638 9571
Anthony Kennaway