AGM Statement

HomeServe plc

Interim Management and AGM Statement

HomeServe plc, the international home emergency business, today publishes its Interim Management Statement for the period 1 April 2010 to 30 July 2010. The publication of this trading statement coincides with the company's Annual General Meeting which takes place today.

HomeServe has continued to grow and develop its membership businesses in the first four months of the financial year, with increasing policy numbers and retention rates remaining high across all territories.

UK

Our UK business continues to deliver growth in policy numbers with the retention rate remaining high. It is on track to achieve its customer growth and retention targets for the full year.

Consistent with our strategy to be 'the first place people turn to for home emergencies and repairs' and our initiatives for UK customer growth we are promoting our new home emergency telephone number '0800 24 7 999' along with the HomeServe brand on the shirts of West Bromwich Albion, the Premiership football team and have also signed an agreement with Towergate, who operate one of the UK's largest insurance broker networks, to distribute HomeServe's products.

Continental Europe

Our Continental European businesses continue to deliver growth in policy numbers and retention rates remain high.

In France we are announcing today that SFG, our warranty business, has signed its first manufacturer warranty agreement with Indesit Company, one of Europe's leading manufacturers of domestic appliances. SFG will manage Indesit Company's extended manufacturer warranty policies from the second half of the year.

USA

Our US business has made a good start to the year and continues to deliver growth in policy numbers with the retention rate remaining high. We expect to complete the acquisition of the National Grid Energy Services' contract business by the middle of August.

Financial Position

HomeServe's financial position remains strong with low levels of net debt and significant headroom on our banking facilities.

Share sub-division

Subject to approval at today's AGM the proposed 5:1 sub-division of the share capital of the company, announced in the Group's preliminary results, will take effect from Monday 2 August. The sub-division will increase the number of shares in issue from 65,752,458 to 328,762,290.

Outlook

Our membership businesses have continued to make good progress during the first four months of the year and our expectations for the full year remain unchanged. As in previous years, the phasing of profits and policy growth will be weighted towards the second half reflecting the seasonality of our marketing activity and associated renewals profile.

We will, as usual, provide a further trading update on our performance in the first six months of our financial year before we enter the close period at the end of September 2010.

Contacts

HomeServe plc Richard Harpin, Chief Executive

Martin Bennett, Chief Financial Officer

Mathew Wootton, Director of Finance Tel: 01922 655332

Mark Jones, Head of Investor Relations Tel: 01922 427979

Tulchan Group Andrew Honnor Tel: 020 7353 4200

More information on HomeServe plc can be found on our corporate website: www.HomeServeplc.com