Ls -3x Avgo Regulatory News (SAVG)

Savile Group plc

("Savile", the "Group" or the "Company")

INTERIM RESULTS FOR THE SIX MONTHS ENDED

31 DECEMBER 2009

Savile Group plc (SAVG.L), the AIM quoted human resources consulting group, specialising in outplacement, career transition and talent management, announces its unaudited interim results for the six months ended 31 December 2009.

► Revenue down 13% to £4.16m (2008: £4.77m)

► Profit before tax of £0.14m (2008: £0.75m)

► Net assets of £4.29m at 31 December 2009 (2008: £2.51m)

► Placing raised £1.7m net in November 2009

► No debt; cash at 31 December 2009 of £3.31m (2008: £1.33m)

Jonathan Cohen, Executive Chairman of Savile, commented:

"After an extremely successful financial year ending 30 June 2009, I regret to report disappointing results for the subsequent six months.

The trading environment remains challenging and uncertain. We believe there is more restructuring to occur in the private sector and that 2010 will see the start of major changes and opportunities in the public sector.

Having experienced a difficult last quarter of 2009, the board and management remain fully focused on managing our cost base and converting the opportunities we have identified into revenue and, more importantly into earnings and cash."

Enquiries to:

Savile Group plc

Jonathan Cohen, Chairman

Mark Sidlin, CFO 020 7204 6990

FinnCap

Geoff Nash/Ed Frisby

Tom Jenkins (Broking) 020 7600 1658

Cardew Group

Richard Spiegelberg

James Milton 020 7930 0777

Notes to Editors

Savile Group has three centres of excellence: CEDAR Talent Management, Fairplace and IDDAS providing coaching, mentoring, career transition and talent management to leading companies, professional services firms and the public sector.

CEDAR Talent Management offers extensive expertise in coaching, leadership assessment and development.

Fairplace has an enviable reputation for high quality career transition and career management.

IDDAS provides a range of board level career and business mentoring, coaching, talent management and assessment services, including Executive team development.

Further information on the Company can be found on its website, at www.savile.com

Chairman's Statement

After an extremely successful financial year ending 30 June 2009, I regret to report disappointing results for the subsequent six months.

The Group's unaudited revenue in the six months ended 31 December 2009 decreased by 13 per cent to £4.16m (2008: £4.77m) and profit before tax was £0.14m (2008: £0.75m). Net assets at 31 December 2009 were £4.3m (2008: £2.5m) including net cash of £3.31m (2008: £1.33m). The Group has no debt and during the period completed the placing of 2,643,656 shares at 67 pence each, of which 396,641 shares were sold from treasury and 2,247,015 were new shares. At the balance sheet date the Company held 912,006 shares for treasury and it is intended that these will be cancelled in March 2010.

In the previous financial year, Fairplace, our outplacement business, benefited from the effects of the financial downturn.

Although the first quarter of this financial year was broadly in line with the previous year, as announced in January, we experienced a significant downturn in our revenues towards the end of our second quarter.

In line with our strategy to grow the business over the last year, we increased our fixed cost base, expanding our regional footplate, recruiting a new business development team and increasing the number of business developers. As a result, our pipeline of opportunities and new business has increased and remains high, and our continued focus is to convert these into revenue. The new business pipeline is our best indicator of future revenues and going into the second quarter the pipelines for all our brands were at high levels. However, by late November we had begun to find that customers, who were unsure about the economic outlook and its effect on their businesses, were holding back on implementing their restructuring plans.

The nature of our business is to support and react to our customers' requirements. A large element of our income is not contracted in advance and we are remunerated as our services are delivered. For career transition this is dependent on when a customer implements a restructuring programme and then upon the individual utilising our service.

Having experienced this fall in demand, we implemented a cost reduction exercise aimed at reducing our fixed cost base by approximately £750,000 on an annualised basis, focusing on non-income generating costs.

The trading environment remains challenging and uncertain. We believe there is more restructuring to occur in the private sector and that 2010 will see the start of major changes and opportunities in the public sector.

Having experienced a difficult last quarter of 2009, the board and management remain fully focused on managing our cost base and converting the opportunities we have identified into revenue and, more importantly, into earnings and cash.

Jonathan Cohen

Chairman

16 February 2010

Group Statement of Comprehensive Income

for the six months ended 31 December 2009

 Group Balance Sheet

as at 31 December 2009

Group Statement of Changes in Equity

for the six months ended 31 December 2009

The Capital redemption reserve arose on cancellation of deferred shares of 1p each on 6 September 2006.

The Merger reserve represents the premium arising on the share for share acquisition of IDDAS Limited.

Group Cash Flow Statement

for the six months ended 31 December 2009

Notes to the interim announcement

for the six months ended 31 December 2009

1. Accounting policies

The financial information in these interim results has been prepared using the recognition and measurement principles of International Accounting Standards, International Financial Reporting Standards and Interpretations adopted for use in the European Union (collectively Adopted IFRSs). The principal accounting policies used in preparing the interim results are those the Group expects to apply in its financial statements for the year ending 30 June 2010 and are unchanged from those disclosed in the Group's Report and Financial Statements for the year ended 30 June 2009.

The financial information for the six months ended December 2009 does not constitute the full statutory accounts for that period. The Annual Report and Financial Statements for 2009 have been filed with the Registrar of Companies. The Independent Auditors' Report on the Annual Report and Financial Statement for 2009 was unqualified, did not draw attention to any matters by way of emphasis, and did not contain a statement under 498(2) or 498(3) of the Companies Act 2006.

The Group has adopted IAS1 (revised) "Presentation of Financial Statements" and the only effects of this change are presentational.

2. Taxation

Current taxation has been provided for at 28% (2008: 28%).

3. Dividend

A final dividend of 2.25 pence (2008: Nil pence) per share for the year ended 30 June 2009 was paid on 10 November 2009. A warrant was offered as an alternative to the cash dividend, enabling a shareholder to subscribe 86 pence for one ordinary share, exercisable at any time up to 31 December 2012. Of the 14,650,146 shares in issue at the date of the dividend, 1,308,647 shares were held in treasury, 5,473,210 shares elected for warrants and 7,868,289 shares elected for the dividend resulting in a total dividend of £177,036.

5. Placing

On 9 November 2009 the Company placed 2,247,015 new ordinary shares and 396,641 existing ordinary shares, which had been held in treasury, at 67 pence per share. The funds are to be used to broaden the Company's market offering through carefully targeted acquisitions and to invest in the business for organic growth.

6. Availability of Interim statement

The interim statement was approved by the Board of Directors on 16 February 2010.

This Interim Statement is being sent by post to all registered shareholders. Additional copies are available from the Company's registered office, 36-38 Cornhill, London, EC3V 3PQ and on its website: www.savile.com.