HST Hartstone

RNS Number:7217C
Hartstone Group PLC
21 October 2002

                       Hartstone Group PLC ("Hartstone")


                               Trading Statement



The Hartstone Group PLC today announced that as a result of deteriorating
trading conditions in the US footwear and accessory markets, interim performance
will be below expectations. In the circumstances, the Group has adopted an
aggressive approach to stock valuation which will adversely affect first half
results to be announced in December.


At this stage, however, the Group expects a small pre tax loss for the year as a
whole, which is dependent upon a modest improvement in trading in the second
half of the financial year.


In the present circumstances, with cash transfers to the UK restricted by the US
banks, it is unlikely that the Group will be in a position to pay the preference
dividend on 2 January 2003, in which case the dividend would be rolled up
cumulatively for future payment.




Enquiries:


The Hartstone Group PLC    01494 787700

Shaun Dowling, Chairman



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