CSG.L Regulatory News (CSG)

19th April 2010

Cyril Sweett Group plc ('Cyril Sweett' or the 'Group')

Pre-close Trading Update

Cyril Sweett, the international construction and property consultancy, is pleased to provide an update on trading for the year ended 31 March 2010, prior to going into close period.

The unprecedented market conditions across the whole construction industry continued throughout 2009. Revenue for the period is expected to be £67.0m, delivering pre-exceptional PBT of approximately £3.0m.

Management continued to take responsive actions to manage the business and its cost base, delivering a further annualised cost saving of £3.3m, inaddition to the £11.0m delivered last year. Management has also focused on good cash management and the Group has finished the year in a strong financial position with neutral net cash, as a result of over 100% of operating profits being converted into operating cashflow.

Through its geographic and sector diversity, the Group was able to adapt to shifting demand across sectors. This has been core to the Group's relatively robust performance in 2009 and management will continue to focus on further strengthening this diversity in 2010 and beyond.

A number of significant new projects have been secured during the second half of the year. These include:

Custodial - Irish Prisons Framework, HMP Ford facility upgrade.

Education - Cornwall, Greenwich, Kent, Wandsworth, Wigan and Salford BSF programmes, Hillbourne School, Salterhebble School.

Health - St Cross Care Home Winchester, Community Health Partnerships UK Framework, Medical Centre Malaysia, Lifeline Hospital Abu Dhabi, Nehayan Medical Centre Morocco, Healthscope Private Hospital Sydney.

Infrastructure/Transport - Desalination plant Victoria, Al Ain Logistics Park, New Murcia Airport Spain, TFL Framework London, Renewal of Transport for Scotland Framework,

Leisure - Blackpool Tower upgrade, Hospitality development Abu Dhabi, Al Ain Convention Centre Abu Dhabi, Thomastown Aquatic Centre Melbourne

Offices/Amenity - Torbay Civic Hub, North Newhold Business Park, Aviva Temple St Bristol, BarCap Paris, BarCap Geneva, Nomura Singapore, HQ for Khalifa Bin Zayed Foundation/EIA, Abu Dhabi.

Residential - Defence Estates property disposals Melbourne, Weston Creek development Melbourne.

Retail/Mixed Use - Tesco Woolwich, Primark Perth and Scunthorpe in UK and Larios, Malaga and Barcelona in Spain.

Sustainability -  WRAP framework UK

PPP Investments - Cumbria LIFT

During 2009/10, key strategic initiatives have been taken to position the business for the future. The Group is well positioned to weather the current environment and we believe that these tough market conditions will in fact provide opportunities for strong companies.

Results for the year ended 31 March 2010 will be announced on 1 July 2010.

- Ends -

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