HUNT.L Regulatory News (HUNT)

24 July 2017

Hunters Property PLC

("Hunters" or "the Group" or "the Company")

Trading update

Hunters (AIM: HUNT), one of the largest national lettings and estate agency franchise networks, is pleased to provide the following trading update.

The company has made an encouraging start to the year despite the widely reported challenging conditions in the housing market and tough comparisons due to the Stamp Duty changes in April 2016. The Group has maintained income levels in the first six months of the year against these tough comparisons and is well positioned to deal with current market conditions and the proposed tenant fee ban, expected in 2018. The Group continues to add new branches and following the acquisition of Besley Hill at the end of March, which is performing in line with the Board's expectations, our branch network currently stands at 206 (June 2016: 180).

The Board sees significant opportunities for growth in the franchise network and is confident that the full year outcome will meet market expectations and the continuation of a progressive dividend policy.

The interim results for the six months ended 30th June 2017 will be announced on 7th September 2017.

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