Trading Update and Notice of Results

5 April 2017

Styles&Wood Group plc

("Styles&Wood" or the "Group")

Trading Update and Notice of Results

Styles&Wood, the integrated property services and project delivery expert, anticipates delivering strong underlying profit and margin performance in 2016 with adjusted profit before tax in line with Board expectations.

Following a review of full year performance ahead of the Group's 2016 results, the Board expects Group reported revenues to be approximately 9% below that for FY 2015.

This arises due to the accounting treatment for the recognition of revenue related to frameworks and projects awarded to the Group in the second half of 2016 with carry through workload for 2017. Whilst pre-commencement activities began during the period, significant proportions of the associated work streams were carried over into 2017 resulting in a corresponding impact on the revenue recognised in 2016.

2017 has begun strongly with the Group's Order Book at week 10 for FY 2017 35% ahead of the prior year strengthened, in part, by positive performance through the recent acquisitions of Keysource and GDM Group.

The Group expects to announce its full year results for the year ended 31st December 2016 on 27th April 2017.

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