RNS Number:4577S
RMR PLC
5 March 2002

RMR plc ("RMR" or the "Company")

Trading statement and proposed board changes



Since the acquisition of Learning Angles Limited ("LA") in November 2001 trading
conditions in the sectors in which RMR operates have been difficult. In
particular LA has made no sales in the period since its acquisition and group
sales for the second half of the year to 28 February 2002 will be lower than
those achieved in the first half-year. This will result in an estimated second
half operating loss of approximately £2 million. Against this background and the
continuing review of the operations several strategic decisions have been
implemented.


The Board has decided to discontinue the LA business and to terminate the
contracts of Chris Thomas and Gwyn Jones who joined the RMR board at the time of
the LA acquisition. The Company is taking the necessary steps to remove them
from the Board. One of the vendors of LA has agreed to return his share of the
initial consideration and to forego his rights to performance linked
consideration. The Company intends to commence legal proceedings against the
other two vendors of LA to recover the balance of the consideration.


RMR will continue to be a provider of software solutions to organisations with
complex information needs through its Elevate events and Elevate e-learning
software. The Company will also continue carrying out bespoke web design.


However in order to match the cost base with the current order book the business
is to be substantially reduced in scale and relocated to more suitable, smaller
premises. At the same time agreement has been reached with the landlord of the
two Eynsham properties to surrender the leases on terms beneficial to the
Company and they will be vacated by 31 March 2002. The slimmed down business
will retain the core competencies created over the last three years and is not
expected to consume further cash. The Company's cash resources were
approximately £1.5 million at 28 February 2002.


Over the last six months the Directors have reviewed a considerable number of
acquisition opportunities including several outside of the Company's core
business. Most of these have not met the Company's acquisition criteria of
having proven growth potential. However several are still under active review
and we are confident that we will be able to make a further announcement within
the next few weeks.


The preliminary results for the year to 28 February 2002 will be announced on 10
May.




For further information:


RMR

Michael Mills     Chairman     020 7612 8913




Weber Shandwick Square Mile

John Wade               020 7950 2800



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