MFG Miller Fisher

RNS Number:4040N
Miller Fisher Group PLC
5 July 2000

                              
                   MILLER FISHER GROUP PLC

                      TRADING STATEMENT

On  the  29 March 2000 the Board of Miller Fisher Group  plc
("the  Group") announced preliminary results  for  the  year
ended 31 December 1999.

At  that time the Board indicated that the Group had a mixed
start  to  the year, with the UK loss adjusting business  in
particular  experiencing a lower level  of  claims  activity
than anticipated.


This trend has continued in the second quarter, and  as
a  result, revenues from our UK loss adjusting business  for
the  first six months have fallen materially short of levels
expected by the Board. The decline in claims activity in the
UK market this year appears to have been a common experience
for a number of other loss adjusting firms in the market.

The results for the rest of the Group for the half-
year,  which  are  likely to be broadly  in  line  with  the
Board's expectations, will not be sufficient to make up  for
the  shortfall in the UK loss adjusting business.  The Board
anticipates  that the results for the Group as a  whole  for
the  first six months to 30 June 2000 will show a  loss  and
therefore  the profit for the year to 31 December 2000  will
be   significantly  below  that  reported   for   the 
corresponding period last year. 

The  management of the Group has taken firm action  to  cut  
the  cost base of  the  UK  loss  adjusting
division  to bring it into line with the current  levels  of
revenue.  The  Board  expects  that  the  effects  of  these
measures  will start to come  through  in  the second  half  
of  the year and that the  UK  loss  adjusting
division  should then return to more normal  levels  of
profitability.

The  Board of Miller Fisher Group plc is aware  of  the
need   to  maximise  shareholder  value,  and  is  currently
reviewing the best ways in which this can be achieved.

                              
For further information, please contact:

Miller Fisher Group   020 7398 8700
Kevin Kenny - Chief Executive
Richard Horton - Finance Director
                      
Grandfield            020 7417 4170
Clare Abbot/Kirsty Black

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