WHG Wren (See LSE:WREN)

RNS Number:1757F
Wren Homes Group PLC
04 October 2007


4 October 2007


                              Wren Homes Group plc
                       ("Wren" or "the Company") (WHG/L)

                                 Trading Update


Wren Homes Group Plc ("Wren"), the AIM Listed developer of retirement and "extra
care" homes, today announces its trading update for the year ended 31st of July
2007. The Company's preliminary announcement of its final results will be
announced in December 2007.

Wren anticipates that its profit before tax for the year ended 31st of July 2007
will be materially below market expectations but not less than #700,000.

The reduction in expected results is due almost entirely to the last moment
cancellation of the sale of an entire block of flats for #2.3 million.
Negotiations for the sale of this property continue with various interested
parties and its sale, either as a whole or through the sale of individual flats,
is now expected to fall into the current year.

On a more positive front, the Directors report that the Company now holds
planning consents on a total of 128 units, representing a 42% increase over the
level reported at the Interim Results stage on 30 March 2007. Similarly the
number of units Wren has in planning is now around 500; an increase from 300 at
the Interim Results stage. Additionally, sales at Wren's Warlingham development
continue to be satisfactory.

In summary, and despite this timing shortfall for the year ended 31st of July
2007 and the likely levelling out of the residential property market over the
next twelve months or so, the Directors remain confident for the future.

The Board believes that the sales which failed to materialise during the year
ended 31st of July 2007 will be carried forward and will complete in the current
year and that this, together with further opportunities which will be created by
the Group, will leave Wren well placed going forward.


ENDS



Enquiries

Wren Homes Group plc
Paul Treadaway, Managing Director    Tel: 01372 742 244
www.wrenhomesplc.co.uk

JM Finn
Leslie Kent (Sales)                  Tel: 0207 628 9688
Matthew Robinson/Charles Cunningham
(Corporate Finance)

Adventis Financial PR
Tarquin Edwards                      Tel: 020 7034 4758 / 07879 458 364
Chris Steele                         Tel: 020 7034 4759 / 07979 604 687






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