Trading Statement

Topps Tiles PLC 13 July 2001 Topps Tiles plc Trading Update Topps Tiles, the UK's largest ceramic tile specialist, makes the following statement on completion of its financial year ended 2 June 2001. The company announces that sales for the year are anticipated to be broadly in line with expectations at approximately £74.6m. However, the company has been unable to achieve the budgeted improvement in gross margins during the second half of the financial year. Consequently, profit before tax for the 52 weeks ended 2 June 2001 is now expected to be in the region of 10% below current market expectations. The Directors are encouraged by the trading experience of the company in the opening five weeks of the new financial year and the Board will provide an update on trading performance at the time of the preliminary announcement on 31 July 2001. Enquiries: Barry Bester, Chief Executive, Topps Tiles 01625 446700 Ann-marie Wilkinson, Beattie Financial 0207 398 3300

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Topps Tiles (TPT)
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