Statement re Price Movement

25 June 2010

Mears Group PLC

("Mears" or "the Group")

Statement re Price Movement

Mears notes the announcement made by Connaught regarding the delays in contracts within Social Housing and reflective share price movements.

Mears is pleased to announce that they have not experienced such delays as a result of the Emergency Budget, and current trading remains in line with management expectations.

Mears is continuing to deliver strong trading across all divisions with an order book which currently stands at GBP2.5 billion with secured revenues of 91% of consensus forecast for the current year. 

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