Interim Management Statement

20th November 2013

Styles & Wood Group plc ("Styles & Wood" or the "Group")

Interim Management Statement

Styles & Wood Group plc, the integrated property services and project delivery specialist, makes the following statement on trading for the period from 1 July to 19 November 2013.

The improvement in our markets noted at the interims has continued albeit at a slow rate. The Group is starting to see the first signs of a recovery in our retail prospects with activity in quarter four, including a first small tranche of work as a Waitrose framework contractor, plus a developing order book for 2014. Our performance in the banking sector remains strong with a leading position on frameworks with three large high street banks.

Management anticipates that financial performance for the year ended 31 December 2013 will be in line with market expectations.

The Group continues to have a strong balance sheet and to maintain its focus on cost control and cash management.

The Group expects that the investments made in 2013 in its framework relationships will deliver additional revenues in 2014 as we finalise extensions on our two largest banking frameworks. The scope of the work under the frameworks has been widened and the time period covered is a minimum of three years. The finalisation of the contract extensions together with the framework appointments for Waitrose and the Post Office, and investment in diversification over the past two years provide the Group with a platform for growth as the economy recovers. The order book[1] for 2014 stands at £34.2m, a 6.4 %

increase on 2013, with 81% (FY13 66%) being allocated revenue from framework arrangements.

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