RNS Number:6412X
Stanley Gibbons Group Limited
15 April 2004



                        THE STANLEY GIBBONS GROUP LIMITED
                                        
                                  "the Company"
                                        
                              AGM TRADING STATEMENT
                                        
All the Resolutions proposed at the Annual General Meeting of the Company held
in Jersey this morning were duly passed including the Special Resolution
authorising the Company to purchase up to 15% of its issued share capital in the
market for cancellation. Commenting on current trading, the Chairman issued the
following statement:

"Turnover (unaudited) for the first quarter of 2004 was more than 20% higher
than for the same period last year. Trading has been in line with the
expectations of sustained growth of the Company in both turnover and
profitability.

We have continued to enjoy strong market conditions in philatelic trading and
retail operations which have benefited both from the increased momentum and
interest in stamps as an alternative investment proposition, and the strength of
our stockholding built up towards the end of last year.

The performance of our publishing and philatelic accessories division, despite
being hampered by the late delivery of some catalogue titles, has held up well
through a significant increase in revenue from advertising, both online and in
our printed publications, together with an improved return from our direct
marketing activities.

We have re-launched our online magazine, www.gibbonsstampmonthly.com, with
enhanced features bringing the latest philatelic news as it breaks. We are
currently finalising the integration and standardisation of our web sites to
make the best use of our intellectual property going forward. Our internet sites
are now receiving close to 10 million hits on a monthly basis.

On 16 March 2004 we purchased 1,322,394 Ordinary shares for cancellation at a
price of 80p per share, in line with the commitment made in our 2003 Final
Results Announcement to return surplus cash to shareholders. We will be in a
position by the end of June to review further returns to shareholders, dependent
on the proceeds of our investment in Provide Commerce, Inc.

We welcome the considerable changes in our shareholder register this year with a
number of institutional holders coming on board who are supportive of our
strategy.

Overall, the successful implementation of our business strategy continues to
ensure that we deliver strong returns to our shareholders and we look forward to
the future with confidence."

The Company's interim results will be announced on Friday 30 July 2004.

For further information, contact:

The Stanley Gibbons Group Limited
Paul Fraser, Chairman 020 7836 8444
Michael Hall, Chief Executive 01425 472363

Seymour Pierce Limited
Louise Carpenter, 020 7107 8000
Jonathan Wright


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

END
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