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Yorkshire Group PLC (YOR)

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Friday 30 November, 2001

Yorkshire Group PLC

Trading Statement

Yorkshire Group PLC
30 November 2001

                             Yorkshire Group plc

                              Trading Statement

The 2001 Interim Report, dated 4th September, made reference to the
expectation that the group's full year profit before tax for the year to 31st
December 2001 would be around break even. Since then the group has experienced
market conditions which have significantly deteriorated. It is now clear that
in the last three months of the year, trading conditions have been and will
remain very depressed throughout our key markets in Europe, North America and

In this context, the Board expects the group to report an operating profit
before interest for 2001 around break even. No short-term recovery in trading
conditions into 2002 is anticipated, although cost savings being realised will
benefit 2002. In these circumstances the Board does not consider that the
payment of a final dividend would be appropriate.

Despite the trading downturn, the Board anticipates that through active
working capital management and reducing stock levels, the year-end net debt
position will not be significantly different from the reported position at
30th June 2001 of £31.1 million, subject to the translation impact of the
group's dollar denominated debt.

The group continues to focus upon its strategic objectives and to work
aggressively towards reducing the cost base in line with expected levels of
demand across all of its worldwide operations. The Board anticipates updating
shareholders with developments during the first quarter of 2002.

Philip Howard
Acting Chairman

30th November 2001


Andrew Dick, Chief Executive, Yorkshire Group plc         Tel: 0113 2443111

Patrick Toyne Sewell, Citigate Dewe Rogerson              Tel: 020 7638 9571