RGU.L Regulatory News (RGU)

22 May 2006 07:00

Regus Group PLC22 May 2006 22 May 2006 Regus plc AGM Trading Update At today's Annual General Meeting, John Matthews, Chairman of Regus, the leadingglobal provider of outsourced office solutions, will provide the followingupdate on current trading and prospects: "I am pleased to report that Regus' financial performance in the year to date isin line with the Board's expectations. Revenues for the three months to 31stMarch 2006 (at actual exchange rates) were £132.3m, an increase of 27.2% overthe £104.0m achieved for the same period last year. The number of actualworkstations has grown in the first three months by 3.6% to 85,543 which is inline with our expansion programme outlined at our preliminary results." "As we announced in April, we have now acquired the remaining 58% of Regus UKfrom Alchemy Partners. Following the completion of this transaction Mark Dixon,CEO, has now visited all of the 91 UK centres. We remain confident that the UKbusiness offers good opportunities for future growth." "Regus is on track and delivering solid growth while enhancing the underlyingbusiness. The Board is committed to continuing this profitable growth strategyand providing attractive cash generation over the long term." Regus Group plc will announce its interim results for the six months ended 30June 2006 in early September. For further information, please contact: Regus Group plc Tel: +44 1932 895135 Mark Dixon, Chief Executive Officer Stephen Gleadle, Chief Financial Officer Brunswick Tel: +44 20 7404 5959 Andrew Fenwick / Simon Sporborg / Paul Scott This information is provided by RNS The company news service from the London Stock Exchange