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RNS Number:5109L
Partridge Fine Arts PLC
11 October 2001



                           PARTRIDGE FINE ARTS PLC

                              TRADING STATEMENT


In the Company's interim report for the six months to 30 April 2001 issued on
22 June 2001 the Chairman, Mr John Partridge, reported disappointing results
in difficult trading conditions.

Whilst trading began to improve in May, the months of June and July were
worse, in terms of profitability for the Company, in comparison with the
previous financial year.

Usually the months of September and October are a very profitable trading
period for the Company. However the tragic events of 11 September 2001
compounded the detrimental effects of the general economic decline already
being experienced.

Consequently, the Board anticipates that the Company will report significantly
lower levels of profits for the financial year as a whole.

Enquiries: John Partridge 11 October 2001

Anthony Smith

020-7629-0834

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