Chairman's Statement

Travis Perkins PLC 18 April 2000 Travis Perkins Make 'Satisfactory Start' to Current Year 'In line with our expectations the company has made a satisfactory start to the year 2000', Tony Travis, chairman of builders merchants Travis Perkins plc, told shareholders at the Annual General Meeting in London today. 'We have achieved a leading position in our industry in the last twelve months and look forward to the further benefits to come from the development of our acquisitions.' In a programme of vigorous expansion last year Travis Perkins acquired 18 individual businesses, adding 165 branches to its UK network. By the end of 1999 it was trading from 454 branches. The two largest acquisitions were Keyline, with 101 branches, in June and the 38 branch Sharpe & Fisher in December. Expansion has continued into the current year with three further acquisitions including the nine branch Cumbria-based Broombys Limited. Issued on behalf of Travis Perkins plc by Tavistock Communications Limited (contact Keith Payne, tel: 0171 600 2288).
UK 100

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