RNS Number:1608N
Management Consulting Group PLC
04 July 2003


                                                                 4 July 2003


             Trading update for six months ended 30 June 2003

      Management Consulting Group PLC issues the following trading update


The Group's revenues for the six months ended 30 June 2003 are expected to be
approximately #42 million (six months ended 30 June 2002: #55.7 million; six
months ended 31 December 2002: #51.6 million).

The revenues for Proudfoot Consulting for the six months ended 30 June 2003 are
expected to be approximately #33 million (six months ended 30 June 2002: #53.3
million; six months ended 31 December 2002: #39.9 million).  As previously
indicated, revenues in the first half of 2003 were adversely affected by the low
order book in Proudfoot Consulting at 31 December 2002.  New work was won at a
satisfactory rate in the first quarter of 2003 but the level of input slowed in
the second quarter.  This we attribute to abnormally slow client decision-making
resulting from the increasingly uncertain political and economic climate
triggered by the war in Iraq.

Whilst the pattern of slow decision-making is continuing, recent weeks have seen
new work levels improve as clients have authorised work previously deferred.
The order book for Proudfoot Consulting is currently some 40% higher than at 31
December 2002.  New work won in the six months ended 30 June 2003 was some 36%
higher than in the six months ended 31 December 2002.

The revenues of Parson Consulting for the six months ended 30 June 2003 are
expected to be approximately #9 million (one month ended 30 June 2002: #2.4
million; six months ended 31 December 2002: #11.7 million).  Revenues have
steadily increased in recent weeks as the actions taken to turn around the
business have begun to bear fruit.  The management and sales teams have been
significantly strengthened and the opportunities arising from the Sarbanes-Oxley
Act continue to arise at a satisfactory rate; we have completed approximately 10
engagements with a further 21 underway or scheduled to start shortly, and
opportunities for a further 80 engagements are in the pipeline.  This business
remains on track to reach monthly operating profitability during the second half
of the year.

The Group's revenues continue to be affected adversely by the strength of
Sterling relative to the US dollar.  Approximately 60% of the Group's revenues
are earned in US dollars and, taking account of the 12% appreciation of Sterling
relative to the US dollar when compared to the corresponding period of 2002, the
adverse impact on revenues is estimated at approximately #3 million.

Taking into account the improved order book and the current prospects stream,
significant growth in revenues is expected in the second six months of the year
when compared to both the first six months of 2003 and the corresponding period
of 2002.  However, in the light of current market conditions and the order
intake in the first half, we expect revenue for the year as a whole to be
significantly below market expectations.

The Group's interim results announcement is expected on 11 August 2003.

For further information please contact:

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

Buchanan Communications
Richard Darby                   020 7466 5000
Bobbie Swanson                  020 7466 5000


Note for editors:

Management Consulting Group PLC is the holding company for Proudfoot Consulting
and Parson Consulting.

Proudfoot Consulting implements sustainable operational improvements at no net
annualised cost to its clients.  It operates in North America, Europe, Africa
and Asia Pacific.

Parson Consulting, acquired in May 2002, is a financial management consultancy
that helps clients to achieve greater accuracy, speed and efficiency in their
finance and business support functions.  It operates predominately in the United
States.




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