Trading Statement

Synstar PLC 26 September 2002 26 September 2002 Synstar Plc ('Synstar' or 'the Group') Trading Update The Board of Synstar Plc is pleased to announce that, despite tough trading conditions, it expects operating profit, profit before tax and cash generation for the year ended 30th September 2002 to be in line with market expectations. We continue to make progress implementing Phase 3 of our recovery programme, 'Expand and Rollout'. This progress is reflected in recent new business, including the largest ever single new business win for the group, a £120m five-year contract. In addition, in June we were awarded a £21m contract that significantly expanded our service offering to Westland Helicopters, while in July we extended our contract with Renault in Spain. We have also just announced a new £4m contract with Avecia, a leading global speciality chemicals company. This is the latest Synstar customer to purchase most of our services, and we are looking to extend the contract to include Avecia's other key European sites. Details of these contracts can be found on our investor relation's website at www.synstar.com. Wins of this type, coupled with continued excellent customer satisfaction results reaffirm our confidence we can deliver enhanced profitability and margins going forward. For further information, please contact: GCI Financial Tel: 020 7072 4200 Roger Leboff / Geoff Callow This information is provided by RNS The company news service from the London Stock Exchange
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