Pre-Close Update

Management Consulting Group PLC ("MCG")

Pre-Close Update

30 June 2011 - Management Consulting Group PLC ("MCG" or "the Group"), the international professional services group, today announces a pre-close statement ahead of the announcement of the Group's 2011 interim results on 1 August 2011.

Alexander Proudfoot has continued to perform well following its recovery in the second half of 2010 and expects to report an increase in revenues in the first half. There is strong ongoing demand from clients in the natural resources sector and Alexander Proudfoot has seen healthy growth in revenues from projects delivered in emerging markets, in particular in Southern Africa and Latin America. The European business unit has also seen encouraging growth in activity levels compared to the same period in 2010. The rate of revenue growth in the North American operations has been lower than in other geographies. Alexander Proudfoot's order book is currently at a higher level than at any time since 2009.

Kurt Salmon is operating successfully following the merger completed at the start of 2011. In its core markets in continental Europe and the United States the business has shown encouraging growth and improved performance during the first half of 2011. In its key industry verticals, Kurt Salmon's retail and consumer products and its financial services consulting practices have reported improved results and activity levels. In contrast, the performance of the smaller operations in Japan and the United Kingdom has been weaker than the same period in 2010. Overall Kurt Salmon's order book is also at a higher level than at any time since 2009.

In previous years the Group's operations have not typically been cash generative in the first half of the year, primarily as a result of the timing of the payment of annual cash bonuses. At 30 June 2011 the Group's net indebtedness is not expected to change significantly from the £54.5 million reported at the end of 2010.

Since 1 January 2011, £1.2 million has been received as a result of the exercise of warrants issued in the capital raising in June 2010. At 29June 2011 46.6 million warrants remained outstanding and are convertible at 22 pence per share. In the event that all these outstanding warrants are converted before they lapse on 31 December 2011, the further cash proceeds payable to MCG will be £10.2 million.

As previously announced, in March 2011 the trustees of the Management Consulting Group PLC Employee Benefit Trust purchased 4.2 million of the Company's shares for consideration of £1.4 million for use in satisfying future awards under the Company's employee share incentive plans.

The final dividend for 2010 of 0.3 pence per share will be paid on 6 July to shareholders on the register at 10 June 2011.

Nick Stagg, Chief Executive commented:

"The Group continues to make good progress in both its divisions, building on the changes made last year. Alexander Proudfoot has performed well in all geographies, but has been particularly strong in the natural resources sector. Kurt Salmon continues to demonstrate steady progress in its key markets and is recruiting in these areas of the business. Although the risks of instability in the global economy remain, the indicators for the rest of 2011 are promising at this stage and we look forward to continuing our positive momentum."

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Notes to editors:

Management Consulting Group PLC (MMC.L) provides professional services across a wide range of industries and sectors.

It comprises two independently managed practices: Alexander Proudfoot and Kurt Salmon. Alexander Proudfoot develops and implements operational improvements to its clients to increase productivity and reduce costs. Kurt Salmon provides consultancy services to a wide range of industries in both the private and public sectors. The Group operates worldwide. For further information, visit www.mcgplc.com.