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National Express (NEX)

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Wednesday 05 May, 2004

National Express

AGM Statement

National Express Group PLC
05 May 2004


For immediate release at 12.05 pm, Wednesday 5 May 2004



                         National Express Group PLC
                  Annual General Meeting - Trading Update


Commenting at today's AGM, Michael Davies, Chairman, made the following
statement:


'As announced at our preliminary results on 26 February, we have experienced a
good start to the year. Overall trading has been encouraging and profits for the
full year remain in line with market expectations.


'We continue to experience rail patronage growth of 5% across the division. On 1
April we successfully launched 'one', the new Greater Anglia franchise.  The
integration of the 'one' franchise is already underway and we are pleased to
report that to date operational performance has been good. In March we submitted
our proposals for the review of the railways to the Department for Transport and
the Strategic Rail Authority ('SRA').  We look forward to working with the
Government and the SRA on the review.


'We continue to invest in our bus operations to stimulate revenue growth.
Following our entry into London, a dedicated management team has been appointed
to focus on improving the performance of this business.


'Our coach division has experienced a strong start to the year through the
promotion of best value fares.


'Overseas, trading is in line with expectations.  In the United States the
student bus bidding season is still underway and early indications are
encouraging.


'With my retirement from the Board, I am delighted to handover the chairmanship
to David Ross. I wish David, the Board and the Group success and prosperity for
the future.'



                                   - ENDS -



For further information, please contact:


Nicola Marsden/Fiona Noblet
National Express Group PLC                   020 7529 2036/38

Jonathon Brill/Ben Foster
Financial Dynamics                           020 7831 3113






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