RNS Number:0911A
Management Consulting Group PLC
24 June 2004

             TRADING UPDATE FOR THE SIX MONTHS ENDING 30 JUNE 2004

Management Consulting Group PLC, the international management consultancy group,
issues the following trading update ahead of the announcement of its interim
results for the six months ending 30 June 2004.

At the Annual General Meeting on the 20 April 2004 it was indicated that the
first half of 2004 was expected to show considerable progress when compared to
the corresponding period of last year. This remains the case and the turnover
for the six months to 30 June 2004 will exceed #60 million, compared to #43.3
million in the corresponding period of 2003.

This reflects strong performances by both Proudfoot Consulting and Parson
Consulting. In particular, the performance of both businesses in North America
benefited from increased economic activity. Additionally, Parson Consulting
benefited from the investment made in prior periods to develop offerings
associated with the Sarbanes Oxley Act and from the recruitment of additional
senior client service staff.

As a result of the high operational gearing inherent in the businesses, the
operating margin for the first half of 2004 has increased significantly.
Consequently, the operating profit before goodwill amortisation for the half
year will show a very substantial improvement when compared to the first half of
2003 (operating loss before goodwill amortisation of #1.0 million) and is
expected to be close to market expectations for the year as a whole.

The outlook for the second half of the year remains in line with current market
expectations for that part of the year. Accordingly, we expect that both
turnover and operating profit for the year as a whole will be greater than
current market expectations.

The interim results for the six months ending 30 June 2004 will be announced on
9 August 2004 and a further trading update will be given at that time.

FOR FURTHER INFORMATION PLEASE CONTACT:

Management Consulting Group PLC                     020 7832 3700
Kevin Parry, Chief Executive
Stephen Purse, Finance Director

The Maitland Consultancy                            020 7379 5151
Peter Spring

NOTES TO EDITORS

Management Consulting Group PLC comprises two consulting businesses: Proudfoot
Consulting and Parson Consulting.

Proudfoot Consulting is a specialist management consultancy which implements
sustainable operational improvements in sales, costs, overheads, major capital
expenditure projects and production output, typically at no net annualised cost
to its clients.

Parson Consulting is a financial management consultancy that improves the
accuracy, speed and efficiency of finance and support functions free of auditing
conflicts of interest.




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

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