RNS Number : 9089E
  MWB Business Exchange Plc
  02 October 2008
   

    FOR IMMEDIATE RELEASE
    2 October 2008

    MWB BUSINESS EXCHANGE PLC
    INTERIM MANAGEMENT STATEMENT

    MWB Business Exchange Plc, the UK's second largest provider of flexible office space ("the Group") today reports that during the period
from 1 July 2008 to 1 October 2008, trading continues to be in line with the Board's expectations, in spite of the continuing difficult
market conditions. 

    Throughout this period, the Group has maintained occupancy levels. A new Operating and Management Agreement has been signed in Clement's
Lane in the City, and is trading as per expectations.  Enquiry levels remain strong and the earnings momentum reported for the first half
has continued during the third quarter. In line with market movements, we anticipate a slowing down in the rate of growth in the future as
the corporate occupancy market softens.

    Richard Balfour-Lynn, MWB Business Exchange Plc Chairman, commented: "Despite turbulent financial markets and the impact of the credit
crunch, I am pleased to report that our business is currently performing well and in line with the Board's expectations"

    Enquiries: 
    MWB Business Exchange Plc                                                     Tel: 020 7868 7255
    Keval Pankhania, FD

    KBC Peel Hunt Ltd, Nominated Adviser and Broker        Tel: 020 7418 8900
    Capel Irwin, Nicholas Marren





This information is provided by RNS
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