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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 END MSCDDLFLXVBBBBL
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