Trading Statement

Sutton Harbour Holdings PLC
10 March 2005


                  Sutton Harbour Holdings plc ('the Company')

                                 Trading Update

The Company announces that pre-tax profits for the year to 31 March 2005 are
expected to exceed market expectations significantly. The improvement is due to
better performance by the airline subsidiary, Air South West, and satisfactory
trading from the Group's other activities.

The preliminary announcement of the results for the year to 31 March 2005 is
expected on 26 May 2005.




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