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Save Group PLC (SVE)

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Wednesday 07 June, 2000

Save Group PLC

Chairman's Statement

Save Group PLC
7 June 2000

                        SAVE GROUP PLC
                              
                   Chairman's AGM Statement
                               
'At  the  conclusion of each AGM I usually give a fairly  wide
ranging  up date of the industry position, and of the  Group's
position, during the year to date.

This year, I will confine myself to drawing members' attention
to  the  comments  in  my  Statement accompanying  the  annual
report,   particularly   regarding   the   momentous   changes
(including mergers, takeovers and securitisations)  that  have
taken place in 1999 and their ongoing impact in 2000.

So  far  as  trading is concerned, however, I can report  that
despite huge increases in the input price of petrol this  year
so  far, and with it pump prices which have impacted on  sales
nationally;  sales, profits and cash flow to date,  for  Save,
are still all ahead of the same period for last year, although
it  is  too  early to predict the outcome for the  year  as  a
whole.'

                               
Contacts: James Frost
          Save Group                        01296 436661
          Charles Ryland/Catherine Miles
          Buchanan Communications           020 7466 5000