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Taylor Nelson Sofres (TNS)

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Tuesday 01 July, 2003

Taylor Nelson Sofres

Pre-close trading update

Taylor Nelson Sofres PLC
01 July 2003





For release at 07.00                                               1 July 2003



                            Taylor Nelson Sofres plc
                            Pre-close trading update

In line with current market practice, Taylor Nelson Sofres plc (TNS), a world
leader in market information, issues the following trading update ahead of its
interim results announcement on 8 September 2003.  Unless otherwise indicated,
all commentary refers to the existing business, prior to the proposed
acquisition of NFO WorldGroup, Inc.  Further information on the enlarged
business will be available when the group reports its interim results in
September.


Turnover

The markets in which the group operates have generally continued to progress as
outlined in its full year results announcement of March 2003.  TNS has,
therefore, again seen steady growth in its continuous/syndicated business, apart
from Media Intelligence, which is still under some pressure.  Customised is
beginning to show signs of an improvement, particularly in the consumer sector.

With international Healthcare operations in the UK impacted by a slowdown in new
product development, and Germany affected by adverse economic conditions, Europe
is expected to show a slight underlying decline in revenue for the first half of
2003.  The US custom business has again out-performed the market and the
Americas as a whole are expected to show some underlying growth.  While SARS
impacted certain markets in Asia Pacific, the region is still expected to show
good single digit growth.  Consumer, Media and IT/Telecoms sectors all saw
underlying growth but Business Services and Healthcare are expected to show
underlying decline, in the latter case against a very strong comparative.  The
group therefore anticipates that its underlying revenue performance for the half
year will be broadly flat.


Operating margin

The reported overall operating margin is expected to be slightly lower than the
first half of 2002.  This is primarily due to development spend being more
heavily weighted to the first half of the year than in 2002, as well as a
payment in respect of litigation involving TNS Sofres in France.  A ruling in
favour of TNS Sofres, relating to the removal of asbestos from a building in
which it was a tenant, has recently been overturned on appeal.  Although the
group is appealing against this decision, the net impact in the first half is
E1.9m.  Excluding the impact of the litigation payment, full year margin targets
for the existing business remain unchanged.


NFO WorldGroup, Inc. (NFO)

All significant regulatory approvals required for the proposed acquisition of
NFO have been obtained.  If shareholders approve the acquisition at the
extraordinary general meeting to be held on 4 July 2003, the group expects to
complete the acquisition by the middle of this month.  Planning for the
integration is progressing well, with a dedicated integration team co-ordinating
implementation of the group's merger strategy.


Outlook

Mike Kirkham, Chief Executive of TNS said, "Looking at the performance of the
existing business, while there continues to be some uncertainty about the
economy in general, we are encouraged by our order book as at the end of May and
remain comfortable with our outlook for the year as a whole."


For further information, please contact:


David Lowden, Finance Director                              +44 (0)20 8967 4009

Janis Parks, Head of Investor Relations                     +44 (0)20 8967 1584

Margaret George, Citigate Dewe Rogerson                     +44 (0)20 7638 9571



Email to: janis.parks@tns-global.com



Note to editors

About TNS

TNS is one of the world's leading market information groups, providing market
measurement, analysis and insight in more than 110 countries.  Working with
national and multi-national organisations, the group helps its clients to
develop effective business strategies and enhance relationships with their
customers.  On 14 May 2003, it announced the proposed acquisition of NFO
WorldGroup, Inc.  Further information on TNS and the proposed acquisition can be
found on www.tns-global.com.






                      This information is provided by RNS
            The company news service from the London Stock Exchange     
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