Trading Statement

HAVELOCK EUROPA PLC

("Havelock" or the "Company")

Trading Statement

Havelock Europa (HVE.L), the international interior solutions provider, announces a trading update in relation to the year ending 31 December 2014.

Trading Update

In the Interim Results statement which was released on 25 September 2014 the Company stated that "achievement of the Company's expectations for the second half of the financial year remained dependent on the finalisation of orders and delivery schedules for the fourth quarter".

As a result of the deferral of orders by a number of customers in the Retail and Financial sectors, the Company now expects that the profit (before exceptional costs) for the year to 31 December 2014 will be below the board's previous expectations and last year's profit of £632,000.

Exceptional costs for the current year, relating to senior management changes (£0.52m) and the restructuring of Stage System (£0.38m), are expected to amount to approximately £0.9 million.

Whilst the outcome for the second half of the current year is disappointing, with the delayed orders and a recovery in the Education sector, the Board anticipates entering next year with an improved pipeline.

Eric Prescott, Chief Executive Officer of Havelock Europa, commented: "While it is disappointing that profits will be below expectations, the outlook remains positive and the Board is confident of achieving its expectations for 2015."

Cautionary Statement

This announcement contains certain forward-looking statements with respect to the financial condition and operational results of Havelock Europa plc. These statements and forecasts involve risk, uncertainty and assumptions because they relate to events and depend upon circumstances that will occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements. These forward-looking statements are made only as at the date of this announcement. Nothing in this announcement should be construed as a profit forecast. Except as required by law, Havelock Europa plc has no obligation to update the forward-looking statements or to correct any inaccuracies therein.

Enquiries

Shan Shan Willenbrock

Tom Horsman

www.havelockeuropa.com