Saga Regulatory News (SAGA)

Saga plc

Trading Update

21 June 2016

Saga plc, the UK's leading provider of products and services primarily tailored for customers over the age of 50, announces a Trading Update covering the period 1 February to 20 June 2016.

Saga is holding its Annual General Meeting at its headquarters in Folkestone today at 11.00am.

The Group remains on track to achieve its targets for the year ending 31 January 2017 and continues to make good progress against its strategic priorities:

· Solid trading across the core insurance and travel businesses

· Investing in future growth through the ongoing development of opportunities in Emerging Businesses

· Maintaining Saga's simple and efficient operating model with the implementation of the Quota Share agreement and the motor panel

· Continue to progress Group initiatives to be an even more customer-driven business

The Group's Interim Results will be announced on 21 September 2016.

Lance Batchelor, Chief Executive Officer, said:

"We have made a good start to the year across our core trading divisions. We continue to focus on our strategic objectives and remain on track to deliver on the targets we set out at our preliminary results on 19 April 2016".

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