Trading Statement

RNS Number:0170S
Bell Group PLC
13 November 2003



13 November 2003



                                 BELL GROUP PLC

                                 Trading Update


In August, when reporting on the results for the half year to 30 June 2003, we
expressed the view that our strong order book should underpin our results for
the full year.  This is no longer the case since, although the order book
remains strong, much of the work is still in progress and will not contribute to
profit in the second half of the year.  Furthermore, additional overheads were
incurred to advance our non-financial services business, these overheads have,
as yet, not been covered by additional turnover.

In addition, anticipated significant prospective contracts have not yet been
finalised.  The Board remains confident that these contracts will be concluded
and most are at an advanced stage of negotiation.  However, even if they are
concluded in the near future, they are unlikely to make a major contribution to
profit until 2004.

In the light of these circumstances, we have revised our expectations for the
year.  We now expect our profit before interest, amortisation of goodwill and
taxation for the year to be around #5 million.



For further information please contact:


Pat Curran          Bell Group plc                      020 8553 5932
Edwin Strang


Rob Gurner          Financial Dynamics                  020 7269 7221



Editors Note:

Bell Group plc floated on the London Stock Exchange in 1999. It specialises in
the development, supply, installation, management and maintenance of high
security systems for a wide range of markets, including banks, other financial
institutions, industrial and commercial enterprises, state, government and
diplomatic bodies. Bell Group's headquarters are in London and it has offices
throughout the UK and in Ireland, Sweden, The Netherlands, France, Switzerland,
Australia, the USA, and Hong Kong. For more information, visit the company's
website at www.BellGroupplc.com.




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