SuperGroup Regulatory News (SGP)

25 Apr 2007 07:02

Sanctuary Group PLC25 April 2007 Sanctuary Group PLC25 April 2007: For immediate release THE SANCTUARY GROUP TRADING UPDATE As previously stated, the Company expects that all three of its divisions willdemonstrate improved performance in 2007, although it will be 2008 or laterbefore there is a return to overall profitability. The Merchandising and Artist Services divisions continue to be successful andtheir trading remains in line with management's expectations. However, the Recorded Product division continues to suffer from a number ofwell-publicized factors affecting the record industry generally. Steps are beingtaken to adjust operations to address current market conditions, but thisdivision's performance is expected to be below management's previousexpectations for the current financial year. Frank Presland, Chief Executive, said: "I am pleased to say that our ArtistServices and Merchandising divisions are performing well and have been able tooffset the effect of the weakening US dollar through better than expectedtrading". Enquiries: James Hogan / Craig Breheny / Ash Spiegelberg Brunswick +44 (0) 20 7404 5959 Note to Editors Sanctuary is a UK listed international music group, encompassing recordedproduct, merchandising, and artist services (which encompasses artist managementand arranging and negotiating live performances). Sanctuary owns one of theworld's largest catalogues of recorded product outside of the major recordcompanies. This information is provided by RNS The company news service from the London Stock Exchange