AGM Statement

Travis Perkins PLC
27 April 2005




27 April 2005


    Travis Perkins remains on track to meet its financial targets for 2005 -
                             Chairman at AGM today


'Despite challenging conditions in consumer markets, our business remains on
track to meet its financial targets for 2005', Tim Stevenson, chairman of Travis
Perkins plc, will tell shareholders at the company's Annual General Meeting in
London today.

'For the first four calendar months of 2005, total turnover per trading day
(i.e. after adjusting for two extra trading days in 2004) in the Travis Perkins
builders merchant businesses was up by 7.0% with like-for-like turnover per
trading day up by 2.4%. For this period, our specialist merchanting businesses,
comprising Keyline, CCF and City Plumbing, saw total turnover per trading day
down by 0.2% and like-for-like turnover per trading day down by 3.0%.

'Trading at Wickes, acquired by the Group on 11 February 2005, is gradually
recovering from the slow start and adverse weather impact experienced in
February and early March. Total turnover per trading day at Wickes for the
seventeen week trading period to 23 April 2005 was lower by 1.1% compared to the
previous year. For this period, like-for-like turnover per trading day was lower
by 2.7%, with core products down by 2.2% and like-for-like turnover of showroom
products down by 5.3%.

'In the first quarter of 2005 the Group's merchanting division has benefited
from productivity gains and strong management of gross margins. Synergy gains
from the initial work to integrate Wickes in to the Group are running ahead of
expectations and in addition we have identified further opportunities for cost
reduction within Wickes. Also our net borrowings are running marginally lower
than planned levels. Although there is still much to do, we are increasingly
confident of achieving synergy targets.

'Since the end of 2004, in addition to acquiring 171 Wickes stores, we have
added a net 13 new branches to our merchanting network and have opened 1 new
Wickes store. We now trade from 936 locations in the UK.

'Whilst trade and construction markets are not completely immune from economic
pressures, the majority of our customers in these sectors continue to report
reasonable levels of activity and healthy order books, although there are some
signs of work being delayed. We have not changed our view that the DIY market
will recover only slowly and will remain tough for some time. Provided consumer
markets continue their slow recovery and trade markets perform in line with our
experience so far this year, we remain confident of our ability to meet our
financial targets for 2005.'


Issued on behalf of Travis Perkins plc by Tavistock Communications Limited
(contact Keith Payne, tel:[phone])






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