PizzaExpress PLC
15 January 2003

PizzaExpress PLC second quarter trading update

PizzaExpress PLC announces its trading update for the 14 weeks to 29 December 2002:

                                                  Like-for-like sales   
                                                                         
                                                      to 29 December     
                                                                         
                                                                        
                                                  14 weeks    26 weeks  
PizzaExpress (UK, Ireland and Channel Islands)      -5.1%        -4.8%   
Cafe Pasta (UK and Ireland)                         +2.4%        +5.2%   
The Groups retail, Gourmet, franchising and international businesses continue to trade in line with internal
expectations.

The trading environment remains difficult and our biggest challenge continues to be disappointing trading at our core
PizzaExpress restaurants, particularly within London. We have recently commenced several operational and product
initiatives which are directed at tackling this situation.


For further information:

PizzaExpress PLC                                              
                                                             
Nigel Colne, Non-Executive Chairman             01895 618618   
David Page, Chief Executive                     01895 618618   
Paul Campbell, Group Finance Director           01895 618618   
                                                             
Citigate Dewe Rogerson                                        
                                                             
Sue Pemberton/Freida Davidson,                  020 7638 9571
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