RNS Number:7853M
Autologic Holdings PLC
26 June 2003



                             AUTOLOGIC HOLDINGS PLC

                            PRE-CLOSE PERIOD UPDATE

In line with best market practice AutoLogic has decided to adopt the policy of
issuing a trading update prior to going into its close period preceding its
interim and preliminary results. AutoLogic is releasing the following update on
trading in the first half of 2003 and expects to announce its interim results on
20th August 2003.

We stated in our results announcement in March that we expected trading
conditions to be tough in 2003. Market conditions in the vehicle logistics
sector across Europe in the first quarter of the year were in line with our
expectations but significantly deteriorated during the second quarter, with some
of the largest markets for the Group experiencing particularly weak volumes.
France and Benelux have been particularly badly hit by the downturn, with
cumulative decreases in Group volumes in these countries for the first half year
of up to 17.5% and 22.7% respectively compared with the same period last year.
In addition, the situation in France has been compounded recently by a series of
national strikes. Furthermore, in contrast with previous years, some of the
Group's major customers have suffered the greatest falls in volumes with year on
year reductions for April and May in our key markets of over 20%. Although
volumes in the United Kingdom have been more resilient, these nevertheless fell
5.6% in April and May compared with the same period in 2002 and the Group has
experienced significant UK volume volatility.

As stated in our full-year results in March, further restructuring of the French
and Benelux businesses has been aggressively pursued in order to bring them
closer to the operational efficiency of the Group's benchmark operations in
Walon UK and Spain which, with their more flexible cost-base, have proved more
resilient.

The Group is pleased to note that CAT (Compagnie d'Affretement et de Transport),
in which it holds a 40% interest, has continued to trade in line with
expectations, reflecting the flexible cost-base of this business, against the
background of a significant fall in volumes in its vehicle logistics division.

Despite the current trading conditions, the development strategy of the Group
remains sound and the Group continues to win new business.

Notwithstanding the downturn in the second quarter, AutoLogic expects pre-tax
profits for the first half of 2003 to be broadly in line with market forecasts
although some of the restructuring costs anticipated to be incurred in the first
half of the year will not now be incurred until the second half.

However, if current market conditions continue in the second half of the year,
full year trading results will be significantly below current estimates.

The Group also announces that, following a strategic review of its property
portfolio in 2002, it has agreed to sell a number of operational sites in
France. These sites will be leased back on normal commercial leases. The
aggregate cash receipt on the sale of these sites will be approximately #28m.
The net proceeds of the sales will be used to reduce debt. These sales had no
impact on the Group's first half profits. The continuing restructuring of the
Group's operational sites may result in additional disposals later in the year.



For further information, please contact:

John Merry
Chairman                          020 7420 0555

Philip Nuttall
Group Finance Director            020 7420 0555



Bell Pottinger Financial:

Press/Analysts:   Jonathan Brill  020 7861 3865
                  Robin Tozer     020 7861 3891

Investors:        Neville Harris  020 7861 3894




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

END
TSTUVVNRONRNUAR