Hogg Robinson Group Regulatory News (HRG)

23 July 2013

Hogg Robinson Group plc

('HRG', 'the Company' or 'the Group')

INTERIM MANAGEMENT STATEMENT

HRG continues to see full-year performance in line with expectations

Ahead of today's Annual General Meeting, Hogg Robinson Group plc, the international corporate services company, announces its first Interim Management Statement for the year ending 31 March 2014, covering the period from 1 April 2013 to date.

Current trading and outlook

The Group has traded in line with our expectations during the period since the year end.

For the three months to 30 June 2013, revenue rose by 4% compared to prior year (up 1% at constant currency). Client travel activity was higher by 7% and client spend up by 6% (up 3% at constant currency) year on year, as we continued to help our clients maximise the value of their travel-related expenditure while delivering incremental cost savings to them.

As previously highlighted, the full-year performance will have a greater weighting towards the second half than was the case last year, reflecting the prior year first-half benefit of a technology agreement. Although we expect trading conditions in our industry to remain challenging, the Board believes HRG will continue to show good progress and deliver a full-year performance in line with market expectations.

UK pension scheme

In our full-year results announcement on 22 May 2013, we stated that we were in consultation with active members of the UK defined benefit scheme. Those discussions have now concluded and, as of 30 June, the scheme has been closed to future defined benefit accrual and the active members moved to a defined contribution section.

Financial position

HRG's financial position remains robust and cash generation across the Group has remained strong through the period.

There have been no material adverse events or transactions that have impacted the Group's financial position since 31 March 2013 save for the information provided in this statement.

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Notes to Editors

Hogg Robinson Group plc (HRG) is the award-winning international corporate services company. Established in 1845 and headquartered in Basingstoke, Hampshire, UK, HRG specialises in travel, expense and data management underpinned by proprietary technology. With a worldwide network that comprises over 120 countries, HRG provides unparalleled global expertise and local knowledge in Europe, North America, Asia Pacific, Africa, Latin America and MEWA. Read the latest HRG newsand search our archives.

www.hrgworldwide.com

Forward-looking statements

This announcement may contain forward-looking statements with respect to certain of the plans and current goals and expectations relating to the future financial conditions, business performance and results of Hogg Robinson Group. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that are beyond the control of HRG, including amongst other things, HRG's future profitability, competition with the markets in which the Company operates and its ability to retain existing clients and win new clients, changes in economic conditions generally or in the travel and airline sectors, terrorist and geopolitical events, legislative and regulatory changes, the ability of its owned and licensed technology to continue to service developing demands, changes in taxation regimes, exchange rate fluctuations, and volatility in the Company's share price. As a result, HRG's actual future financial condition, business performance and results may differ materially from the plans, goals and expectations expressed or implied in these forward-looking statements. HRG undertakes no obligation to publicly update or revise forward-looking statements, except as may be required by applicable law and regulation (including the Listing Rules). No statement in this announcement is intended to be a profit forecast or be relied upon as a guide to future performance.

The release, publication, transmission or distribution of this announcement in, into or from jurisdictions other than the United Kingdom may be restricted by laws and therefore persons in such jurisdictions into which this announcement is release, published, transmitted or distributed should inform themselves about and observe such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of such jurisdiction.