Trading Update

RNS Number:8411F
Alexon Group PLC
07 January 2003


For Immediate Release                                            7 January 2003


                                Alexon Group plc

                                 Trading update


Alexon Group plc announces that like-for-like sales for the six weeks ended 4th
January 2003 were 2% higher than in the previous year, (the equivalent figure
for the previous year was an increase of 15%).  Slower sales in Bay Trading and
Style, last year's top performers, were compensated by stronger trading in
Dolcis and Alexon Brands. Stocks have been clearing well and are in line with
plan.

In the 22 weeks ended 4th January 2003 like-for-like sales for the Group
increased by 2%.  New business and the redistribution of brands amongst our high
street shop portfolio have significantly enhanced profitability.   We anticipate
that operating profit before interest and goodwill amortisation for the year
ended 25th January 2003 will be not less than #30.0m, an increase of 24% on the
equivalent figure of #24.2m in the prior year, and ahead of consensus forecasts.

The results for the year ending 25th January 2003 are expected to be announced
on 24th March 2003.


For further information:

 Alexon Group Plc                                               01582 723131
 John Osborn, Chief Executive
 Robin Piggott, Finance Director

 Buchanan Communications                                        020 7466 5000
 Bobbie Swanson/Richard Darby


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