VTY Vistry Group Plc

    Bovis Homes Group PLC

                         BOVIS HOMES GROUP PLC
                        ANNUAL GENERAL MEETING
                         WEDNESDAY 11 MAY 2005

                      CHIEF EXECUTIVE'S STATEMENT

Bovis Homes Group PLC delivered its 8th successive year of record profits in
2004, averaging a 21% compound increase in profits per annum since flotation.
Last year witnessed two distinct trading periods with the second half of 2004
proving to be more challenging. Whilst it remains too early to predict the UK
housing market for 2005, underlying demand for housing continues to outstrip
supply and average house prices within the market in which we operate are
stable. However, the slowing of the second hand housing market is having a
detrimental effect on the speed at which we are able to convert achieved
reservations to contract exchange and then onto legal completion.

Cumulative reservations to date are lower than the comparable period in 2004,
however, they are ahead of cumulative reservations achieved in the same period
in 2003. The legal completions total anticipated for the first half of this year
will be below the level achieved in 2004. Consequently, profits in the first
half will be lower year on year with a stronger weighting of legal completions
and profits in the second half of the year. The second trading period will
benefit from a significant increase in social, partnership and smaller
properties which will provide a good base for the Group to be able to target an
increase in legal completions for 2005.

As previously advised, the Board intends, conditional on any necessary approvals
required at future general meetings, to increase the full year dividend over the
next four years by 5.0 pence per annum. This commitment, which remains subject
to a stable business environment, will double the full year dividend over the
four year period to 40.0 pence per share from its 2004 base of 20.0 pence.

Enquiries:

Malcolm Harris, Chief Executive
Bovis Homes Group PLC
Tel: 01474 872427

Andrew Best/Emily Bruning
Shared Value Ltd
Tel: 020 7321 5022 / 5027

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