BW20030709002016  20030709T100616Z UTC



( BW)(CHRISTIAN-SALVESEN)(SVC) AGM Statement

    Business Editors
    UK REGULATORY NEWS 

    LONDON--(BUSINESS WIRE)--July 9, 2003--

                    Christian Salvesen PLC
                      2003 AGM Statement

Jonathan Fry, Chairman of Christian Salvesen PLC, the European
logistics group, today made the following statement at the company's
Annual General Meeting, held in Edinburgh:

"In our preliminary results statement of 2 June we expressed the view
that the company was in a more competitive shape than a year ago and
that we would make progress in the current year.

"Our UK restructuring is nearing completion and we are increasingly
confident that a more efficient and better focused business is
emerging.

"Trading conditions remain challenging across the UK and mainland
Europe with volumes and prices continuing to be under pressure. Set
against this however, the rate at which we are securing new business
remains good. Overall, we continue to trade in line with
expectations."

For further information, please contact:

Christian Salvesen PLC
01604 662600
Edward Roderick, Chief Executive
Peter Aspden, Finance Director
Frances Gibson-Smith, Head of Investor Relations

Hogarth Partnership (for Christian Salvesen PLC)
020 7357 9477
John Olsen / Tom Leatherbarrow

   Short Name: Salvesen(Christn)
   Category Code: AGM
   Sequence Number: 00006773
   Time of Receipt (offset from UTC): 20030709T105202+0100

    --30--ZW/uk*

    CONTACT: Christian Salvesen

    KEYWORD: SPAIN UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: FOODS/BEVERAGES EARNINGS
    SOURCE: Salvesen(Christn)

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