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Planning Approval

28/08/2003 8:00am

UK Regulatory


RNS Number:0981P
2 Travel Group PLC
28 August 2003


28 August 2003

                               2 TRAVEL GROUP PLC

              PLANNING APPROVAL ON SWANSEA SITE AND TRADING UPDATE


2 Travel Group Plc, the AIM listed South Wales based bus and coach operator (the
"Company"), has been granted a 'Certificate of Proposed Lawful Use for
Development' on its 4.8 acre freehold site in Swansea. Given that the City and
County of Swansea has recognised the use of the site as a departure from its
local plan and its close proximity to the Morfa Stadium Development, the Company
is now seeking professional advice as to how to redevelop it in order to
maximise its value.

In the interim statement dated 30 May 2003, the Company's Chairman, Sir Richard
Needham, reported that trading conditions were highly competitive and that some
aspects of the business were performing below expectations. This situation
remains unchanged however the Board anticipates that the position will improve
in the autumn.


Contacts:

Bev Fowles            2 Travel Group Plc                      Tel: 01792 483 040
Isabel Crossley       St Brides Media & Finance Ltd           Tel: 020 7242 4477
James Caithie         City Financial Associates Ltd           Tel: 020 7090 7800

Notes on 2 Travel Group Plc:
     
*    2 Travel Group has three main divisions: a bus operation, a private charter 
     coaching operation and an engineering division.

*    2 Travel Group's primary business - the bus operation - is centred 
     predominantly on 3-5 year local authority contracts for school and local
     services in the Swansea and Cwmbran areas, although it also undertakes 
     other contract work for the DVLA, the Royal Ordnance, supermarkets such as 
     Asda and Tesco and ad hoc work for customers such as National Express.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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