VTY Vistry Group Plc

    


Bovis Homes Group PLC

Bovis Homes Group PLC

                                 Trading Update

                                 6 November 2007

Bovis Homes Group PLC will be hosting an analyst and investor meeting in
Birmingham on Wednesday 7 November. A copy of the presentation slides will be
made available on the Group's website (www.bovishomes.co.uk/plc) during the day.
Prior to the presentation, the Group is today issuing the following trading
update:

Recent events in the financial markets have adversely affected consumer
confidence, resulting in sales being lower than anticipated during the key
autumn selling period. The Group's current outlook for legal completions in 2007
is that volume, including the contribution from its recent acquisition of Elite
Homes, will be marginally below that achieved last year.

With the expected change in mix of homes, the average sales price is likely to
be circa 3% below that achieved in 2006. The Group's operating margin, before
taking into account one-off acquisition restructuring charges, is anticipated to
remain at industry leading levels, broadly in line with the margin achieved at
the half year 2007.

The integration of the Elite Homes Group is progressing well and, as expected,
will result in a one-off restructuring charge of around �2 million in 2007,
together with an additional �1 million interest charge as compared with our
expectation prior to acquisition.

Looking ahead, the mid and longer term supply and demand dynamic remains very
attractive in the housing market but, in the short term, sales will reflect this
recent decline in consumer confidence, in particular as it relates to major
consumer purchases.

The Group remains in a strong position to increase shareholder value and
continues to invest in both strategic land, and in the recruitment and
development of high quality management throughout the business.

Enquiries: Malcolm Harris, Chief Executive
           Neil Cooper, Finance Director
           Bovis Homes Group PLC
           Tel: 01474 876200

           Emily Bruning
           Shared Value Limited
           Tel: 07879 426358

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