Trading Statement

HomeServe plc

Trading Update

HomeServe plc, the international home emergency business, today publishes the following trading update for the period 1 April to 15 July 2016. This statement coincides with the company's Annual General Meeting which takes place today.

The Group is trading in line with our expectations and we expect to deliver good growth in the year ending 31 March 2017. Trading, as usual, will be weighted towards the second half of the financial year, reflecting the seasonality of our marketing activity and associated renewals profile.

The UK business is performing as anticipated and during July we signed a new affinity partnership with Dee Valley Water, a business providing water services to over 250,000 Customers in North East Wales and North West Cheshire.

In the USA, we continue to build the prospects pipeline and on 1 July 2016 we completed the acquisition of Utility Service Partners Inc (USP), adding 0.4m customers and bringing the total number of US customers to 2.7m.

Our businesses in France, Spain and Italy are performing in line with management expectations.

HomeServe plans to announce its interim results to 30 September 2016 on 22 November 2016.

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