Pre-close Trading Update

Torex Retail PLC
11 July 2006

                                Torex Retail Plc



                        ('Torex Retail' or 'the Group')



                                 Trading Update



Torex Retail, an international market leader in the provision of innovative
retail IT systems, is pleased to announce a positive update on trading for the
six months ended 30 June 2006. The Group has made pleasing progress in the first
half of 2006, both in terms of financial performance and strategic development.



The Board intends to announce results for the six months ended 30 June 2006 in
mid August and expects these results to be slightly ahead of analyst's
expectations. Based on our current order book and extensive sales pipeline, we
are confident of achieving the full year expectations currently in the market.



As reported in the AGM statement the integration of 2005 acquisitions has
continued to plan. Virtually all of our German operations have been relocated to
new offices in Berlin and as previously reported restructuring costs and the
resultant annualised savings are in line with market expectations.



Integration costs relating to acquisitions made in the first half will be no
more than £0.5 million and no other one - off costs are expected to arise in
connection with these acquisitions.



Net bank borrowings at 30 June 2006 are expected to be no more than £150
million, which is well within our bank facilities of £170 million and the level
previously advised to the market.



Chris Moore, Chairman and Chief Executive of Torex Retail, commented:



'The first half of 2006 has been a very exciting time for Torex Retail. We have
made tremendous progress in the strategic development and positioning in all
three areas of our business at the same time as delivering a pleasing financial
performance.



Particularly pleasing is the fact that the contribution from first half
acquisitions has not been significant, thus underlining the strong performance
of our core businesses. This core strength is set to further develop with the
additional benefits coming from the recent acquisitions, coupled with some very
large and exciting opportunities during the second half.



We look forward to the rest of 2006 and beyond with confidence and enthusiasm.'





                                     -ends-



Enquiries
Torex Retail:
Chris Moore, Executive Chairman                                0870 300 6061

Citigate Dewe Rogerson
Seb Hoyle/Freida Moore/Lucie Holloway                          020 7638 9571


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