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Progress Report

23rd Oct 2007 07:01

Delling Group PLC23 October 2007 For Release 7:00 am 23 October 2007 DELLING GROUP PLC (DLG/L) The AIM-listed Marketing Support Services Group Progress re: Integration and Cost Reduction Delling Group PLC ("Delling" or the "Company"), the only listed marketingsupport services group on AIM whose principal assets are in Scandinavia, ispleased to announce considerable progress in the turn-around of its onlyloss-making subsidiary and in Delling's further development of its customerbase. Delling announced in its interim results on 10 September 2007 that the Companyis currently focussed on both integrating its sales efforts and improvingorganic growth in turnover, along with implementing enhanced efficiency and costcutting activities throughout the organisation. Delling also advised that outof its 4 subsidiaries, only one subsidiary was still in loss during the periodand that whilst this subsidiary accounted for 15% of Group turnover, itaccounted for all of the loss, thereby reducing the impact of the profitableperformance of other companies in the Group. Delling is pleased to announce that the turn-around of this business isprogressing according to plan and that the subsidiary has seen a pleasingincrease in its gross profit margins, along with a reduction in its fixed costs. Our profitable Exhibition business, Delling Expo, that accounts forapproximately 40 per cent. of Delling's turnover, has seen a similar improvementin margins and a reduction in fixed costs, in line with managements initiativesto improve synergies and economies of scale. At the same time, the Company is pleased to announce a number of new clientwins, in addition to securing additional business from existing clients. Theseclients include: Nike, ABB, Mitsubishi Electric, The Warner Group ( a majorScandinavian wide clothing retailer), Stokke Furniture, Stockholmsmassan,Citroen cars, Telenor and Assa Abloy. Commenting, Geir Lolleng, Chief Executive Officer of Delling Group, said: "I am delighted with the development so far this autumn, as far as our profitimprovement plan is progressing, where our focus on reducing fixed costs and onimproving margins has been paying off. This progress, in combination withexcellent sales development within our most profitable areas, bodes well for thefuture. Our focus in the coming months is to continue this work according to ourplans." ENDS Contact: Delling Group PlcGeir Lolleng, CEO Tel: 020 7484 5663www.dellinggroup.com Seymour PierceNicola Marrin Tel: 020 7107 8000 Adventis Financial PR 020 7034 4758/4759Tarquin Edwards/Chris Steele Tel: 07879 458 364 / 07979 604 687 Notes to Editors Delling Group is a leading supplier of marketing support services for marketingand communication departments throughout The Nordic countries. Delling manages all fields of graphic support in many different forms andformats including trade fairs, exhibitions and interactive digital solutions forthe web, mobile telephone marketing solutions, motion media for flat screens,plasma or LCD. It also supplies IT solutions which support and increase the efficiency of bothmarketing and information departments. However, its major strength is that theGroup can deliver complete turnkey solutions, tailor-made for its customers'every need. Delling also offers outsourcing solutions that can substantiallysave costs and improve efficiency. The Group's major activities are today concentrated in the Norwegian and Swedishmarkets, however, it is quickly expanding into other Nordic areas, as well ashaving customers and production facilities in Eastern Europe. It also has wellrespected suppliers as far a field as China and Thailand. Delling Group has today 150 employees. It is rapidly developing its organisationby focusing on supplying its customers with the quality they demand, deliveredon time at the right price. Central to its philosophy lies the fact that itscustomers will obtain greater effects and efficiency for every pound they investin marketing and information. The Group has strong growth, both through furtherdevelopment of existing clients and establishment of many new relationships,together with acquiring companies that enhance and further develop our businessconcept. Delling's goal is within the course of the next two years, through bothsatisfied customers and recommendations, to be the largest and most profitablecompany in the field of marketing support services within the Nordic countries,and a significant player within Eastern Europe. In October 2004 it was the firstScandinavian business to be listed on AIM, the London Stock Exchange'sinternational market for smaller growing companies. This has given Delling theaccess it needs to capital funds needed to maintain and strengthen the furtherdevelopment of the Group. This information is provided by RNS The company news service from the London Stock Exchange

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