RNS Number:2744K
Stanley Gibbons Group Limited
23 April 2003


23 April 2003

                       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 and the Chairman issued the following
statement:

"The SG 100 Stamp Index is showing an uplift of 7.7% in the first quarter of
2003. This resurgence in demand is already translating into increased catalogue
sales and, within the stamp trade, into increased activity in the Auction side
of the business. We are experiencing a weight of material being offered to us
for auction and, in order to capitalise on the current market, have scheduled a
public Auction for later in the year.

We have received a number of enquiries from various parties and individuals
considering investing in stamps as an alternative investment. We have now
prepared the necessary marketing information and specialist stock to cope with
this demand.

We have put in place a fully automated process for recording collectors' "wants
lists" which has dramatically increased the outstanding order book to over #8
million, representing approximately 2 years' of stamp sales. This, in turn, is
leading us to upgrade significantly our "supply and demand" pricing in the
catalogues in order to increase liquidity and trading in these key items.

Now that all our data for our "price guides" is captured electronically with a
full colour database of images, we can look forward to increased sales
throughout the year as we transfer all major titles to colour.

Our strategy continues to be supported by our internet sites growing with over
6.5 million hits per month, which is giving us cost effective coverage,
recruitment and sales.

Over 50% of our space available for sublet has now been contracted for, with a
healthy interest in the remaining space, which will hopefully be converted into
major cost benefits soon.

There are currently many outside influences making trading difficult, but
business has held up remarkably well for us and we continue to trade profitably.
We remain very positive that our new business opportunities and focused strategy
will deliver continued profit growth."

For further information, contact:

The Stanley Gibbons Group Limited

Paul Fraser, Chairman    020 7836 8444

Michael Hall, Finance Director   01425 472363

Seymour Pierce Limited

Louise Carpenter )    020 7648 8700

Jonathan Wright )




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

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