Issued:     Thursday 3 July 2003     
                                     
Release:    Thursday 3 July 2003     
                                     
Contact:    See below                

                 Serco Group plc - Further re: Trading Update                  

Serco notes the movement in its share price following its earlier announcement
and subsequent meeting with Analysts today and can confirm that it will be
taking a restructuring charge of �4.5m during the first half of 2003 relating
to the business reorganisation and relocation that was undertaken earlier in
the year.

In addition and unrelated, a similar level of profit will be derived from a
sale and lease back of Great Southern Railway carriages in Australia. This
transaction has also generated �5.5m of cash.

After taking account of these items and as previously stated, Serco remains
confident of achieving double-digit growth for this year and the longer term.

                                   - Ends -                                    

For further information please contact Serco Group plc:

T +44 (0) 1256 745 900

Ben Woodford Corporate Communications Director, Serco Group

www.serco.com

Serco Group, Inc.

20 E Clementon Road, Suite 102 South

Gibbsboro, New Jersey 08026

United States

T +1 856 346 8800

F +1 856 346 8463

Serco Group Pty Limited

Level 10, 90 Arthur Street

North Sydney, NSW 2060

Australia

T +61 (0)2 9964 9733

F +61 (0)2 9964 9924

Serco Group plc

Serco House, 16 Bartley Wood Business Park

Bartley Way, Hook, Hampshire

RG27 9UY, United Kingdom

T +44 (0)1256 745900

F +44 (0)1256 744111


                                 NEWS RELEASE                                  



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