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RNS Number : 8825R 
MWB Group Holdings PLC 
07 May 2009 
 

FOR IMMEDIATE RELEASE 
7 May 2009 
 
 
MWB GROUP HOLDINGS Plc: 
INTERIM MANAGEMENT STATEMENT 
 
 
MWB Group Holdings Plc ("the Group"), the serviced offices, boutique hotels 
owner and retailer, today reports that during the period from 1 January 2009 to 
7 May 2009 its three operating businesses have continued to make progress 
despite the increasingly difficult market conditions. 
 
 
Trading at the Group's boutique hotel businesses, Malmaison and Hotel du Vin, 
has been in line with market conditions and a number of new revenue streams have 
been developed to offset any fall off in sales from the hotels' traditional 
customer base. Short term forecasts suggest improving demand that will translate 
into higher room rates, while a combination of high quality promotional activity 
supporting the catering operation and tighter cost controls, is resulting in 
improved margins. The three newer HdV properties continue to consolidate their 
local market positions while the Aberdeen Malmaison has continued to outperform 
expectations. 
 
 
AIM-quoted MWB Business Exchange Plc ("Business Exchange"), the UK's second 
largest provider of flexible office space, continues to deliver above its 
budgeted income and EBITDA as better than anticipated enquiry levels have been 
maintained over the first four months of the year. Business Exchange's 
increasingly successful meeting and conference room division has also grown over 
the same period. 
 
 
At Liberty Plc, the iconic brand and Regent Street emporium, there has been an 
upsurge in business following its "Renaissance of Liberty" launch in February, 
resulting in a 12% uplift in both sales and margins over the past 10 weeks 
despite the adverse economic environment. 
 
As outlined in the Group's year end statement, issued on 28 April 2009, all 
three operating businesses successfully implemented a series of cost control 
measures as well as introducing new income streams during the course of 2008. 
The positive impact of these measures has been felt during the first four months 
of 2009 and is anticipated to continue over the remainder of the current 
financial year. Also it was announced that the Group had extended GBP348m of its 
banking facilities provided to Malmaison and Hotel du Vin, MWB Business Exchange 
and MWB itself to 31 December 2011. 
 
Eric Sanderson, Group Chairman, commented: "The quality of both the 
management teams and their products and services continue to shine through even 
in these difficult market conditions. I believe that, subject to any further 
major deterioration in the UK markets, our businesses will continue to perform." 
 
 
Ends. 
 
 
Contact: 
    Richard Balfour-Lynn, Chief Executive, MWB.      Tel: 020 7706 2121 
    Andrew Blurton, Joint Finance Director, MWB.     Tel: 020 7706 2121 
    Baron Phillips, Baron Phillips Associates.            Tel: 020 7920 3161 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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