Pre-Close Trading Update

NARS

NATIONWIDE ACCIDENT REPAIR SERVICES PLC

("Nationwide" or "the Company")

Pre-Close Trading Update

Nationwide, the largest dedicated provider of accident repair services in the UK, is pleased to make the following update on trading for the year ended 31 December 2010, before entering its close period.

The Board is pleased to report that results for the year to 31 December 2010 are expected to be at the upper end of market forecasts. Nationwide continues to generate good cash flows and the balance sheet remains strong with nil borrowings. Net cash at 31 December 2010 is anticipated to stand at £7.5m (2009: £8.3m) after additional cash investment to support the Group's growth strategy.

The Group has continued to make good progress with its growth strategy both to develop Nationwide's activities in its core insurance marketplace as well as expand its non-insurance funded work, especially in the fleet and retail markets. The launch of an enhanced mobile repair offering in the late summer is supporting the Group's expansion plans and these services are being closely integrated with Nationwide's national network of bodyshops through a common IT platform. This integrated offering (combining fixed site and mobile repair capability) is unrivalled in the marketplace and the Board remains confident that it will create significant operational and competitive advantages.

The Board expects to announce preliminary results for the year ended 31 December 2010 on Tuesday, 29 March 2011.

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