PWS.L Regulatory News (PWS)

Pinewood Shepperton plc ("Pinewood" or the "Company")

AGM Trading Update

At today's Annual General Meeting to be held at 10.30am, Pinewood Shepperton plc Chairman, Lord Grade of Yarmouth, CBE will make the following statement to shareholders:

"Film revenues to date reflect very high stage and facility occupancy, television continues to experience high levels of utilisation, Media Hub occupancy is currently 99% and Media Investment is progressing well.

"The Company continues to invest in its existing facilities to ensure that it remains a leading destination for producers of creative content. A major upgrade of our television business has been completed. The latest 45,000 sq ft television and film facility at Pinewood Studios, Q Stage, was completed on 27 September 2013. Camelot Plc, operators of the National Lottery, moved into the new Studio TV3 at Pinewood Studios under a five year contract on 9 September 2013 to broadcast the National Lottery live.

"On 31 May 2013, the Company submitted to the Planning Inspectorate an appeal against the refusal by South Bucks District Council (by 6 votes to 4) of planning permission for the Pinewood Studios Development Framework ("PSDF") to create additional capacity at Pinewood Studios. The Public Inquiry is scheduled to commence on 19 November 2013. We need to increase capacity at Pinewood Studios.

"At the time of the publication of the Company's preliminary results on 27 June 2013 for the year ended 31 March 2013, the Company reported that it has made a positive start to the new financial year. This has continued across all revenue streams.

"The Board looks forward to the future with confidence".

End

Enquiries

Pinewood Shepperton plc +44 (0)1753 656732

Andrew M. Smith - Director of Strategy and Communications/Company Secretary

N+1 Singer +44 (0)207 496 3000

Richard Lindley / Sandy Fraser

Notes to editors

· Pinewood Shepperton plc is Europe's largest provider of stage and studio space

·  Pinewood, Shepperton and Teddington Studios together accommodate 34 stages available for film and television production, three digital HD TV studios at Pinewood, plus a further eight TV studios at Teddington

· Pinewood Studios is home to Europe's leading studio-based underwater filming stage, as well as one of the largest exterior water tanks in Europe

· Pinewood and Shepperton Studios have been home to over 1,500 films in more than 75 years

· Pinewood, Shepperton and Teddington Studios have hosted over 600 TV shows

· There are over 241 independent, media related companies based at Pinewood and Shepperton's Media Hub

· The Pinewood Group's international network of Studios includes Toronto, Canada; Berlin, Germany; Iskandar, Malaysia; the Dominican Republic; Atlanta, Georgia, USA and a joint venture in China

· The Group now offers financing to UK film and television production as part of its growing range of services

For more information

www.pinewoodgroup.com

Neither the content of the Company's website nor the content of any website accessible from hyperlinks on the Company's website, nor any other website, is incorporated into, or forms part of this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.