AGM Statement

RNS Number:4842H
De Vere Group PLC
14 February 2003


14th February 2003

                                 DE VERE GROUP PLC
                                   AGM Statement


At De Vere Group Plc's AGM today, at De Vere Oulton Hall, the Board will provide
shareholders with the following update:

Total Group turnover for the first four months of the year has increased by 6.8%
over the comparable period in the previous year.

Following a pleasing start to the financial year, assisted particularly by
higher conference volumes, De Vere Hotels has experienced lower demand for its
midweek conference business since the start of the New Year.  Like-for-like
RevPAR increased by 0.3% for the first four months and like-for-like sales
increased by the same percentage.  Worries over a conflict in Iraq are creating
uncertainty amongst many conference buyers, although short break sales remain
buoyant and have increased both in terms of the numbers of room nights sold and
average room rate.

Trading conditions for Village Hotels remain in line with those reported at the
preliminary results with a like-for-like RevPAR growth of 3.3% in the first four
months of the year.  Like-for-like sales have increased by 6.2% in the same
period.

The fourteenth Village site in Newcastle opened in June 2002 and is trading in
line with expectations.  There are now four new sites in the pipeline,
Maidstone, Bournemouth, Perry Barr and North Birmingham, with the first due to
open in 2004.

Greens continues to trade well with total sales up by 41.8% and like-for-like
sales up by 6.7%.  The target of 15 clubs has now been met with the opening of
Giffnock, South Glasgow, in December 2002.  Membership at the end of January
reached 62,000, compared to 44,000 in January 2002.

The trading environment remains uncertain and recovery difficult to predict.
Geopolitical risks are also impacting on the UK hotel market.  The Board remains
confident, however, that its strong brands will continue to outperform the
market and underpin the long-term growth of De Vere Group.

Summary

Four Months to January 2003, Like-for-Like, Year on Year movement

                 Occupancy          Rate               RevPAR             Sales
De Vere          -1.5 pts           2.5%               0.3%               0.3%
Village          0.8 pts            2.3%               3.3%               6.2%
Greens                                                                    6.7%


Enquiries:

De Vere Group plc
Paul Dermody/Roger Stubbs                             01928 712111

Brunswick Group
Jonathan Glass/Simon Sporborg                         020 7404 5959



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