RNS Number:5568H
Oakhill Group PLC
17 February 2003

                               OAKHILL GROUP PLC


   Managing Director's Statement on Trading for the Year to 31 December 2002




Work on the financial statements for the year ended 31 December 2002 is not yet
complete and I am therefore unable to comment on the final full year results at
this time. However I would like to comment on trading for the 2002 financial
year.


In the circular issued before this meeting we reminded shareholders that, having
adjusted for sales attributable to discontinued operations in the period to 30
June, 2002, sales were marginally up on the previous year by just over 1% and
operating profit before goodwill amortisation and exceptional items for the same
period was up by 10%.


We are happy to say that this positive trend continued through to year end with
sales for the full year, again having been adjusted for sales attributable to
discontinued operations, 2% up on the previous year and operating profit before
goodwill amortisation and exceptional items finishing just under 13% ahead of
the previous year.


If Meridian is treated as discontinued and last years numbers adjusted on a like
for like basis then operating profit for continuing businesses is up by 26%.


Within these numbers the Managed Services division continued to perform well
ahead of last year and although Speciality Print was down on 2001 the UK books
and journals business continued to perform well.


Obviously the indicators referred to above are based on unaudited trading
figures.


There has been no significant change in trading patterns of the continuing
companies during January and the early part of February. Looking forward to the
remainder of 2003 we expect our markets to be at least as competitive as they
were in 2002 with the underlying economic environment even more uncertain than
it has been to date.






17 February, 2003


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