CFT Chieftain Grp

RNS Number:9017H
Chieftain Group PLC
16 November 2007


Chieftain Group plc

16 November 2007

Trading update

Second half ahead of management expectations


Chieftain Group plc, the industrial and engineering support services group, is
pleased to report that in the second half of the year ending 31 December 2007
trading is significantly ahead of management expectations. As identified in the
interim results statement in August, the marine and engineering businesses are
continuing to trade strongly.

Bill Taylor, Chief Executive, said: "We have set out a clear strategy to develop
Chieftain through organic growth in the provision of industrial and engineering
support services in the marine, oil and gas, petrochemical, power and process
plant sectors. We are very pleased to see this strategy coming through into the
results. Opportunities in our core sectors remain exciting and we believe we are
well positioned to continue winning tenders across our businesses. We look
forward to the full year result with confidence and also to 2008."


Enquiries:

Chieftain Group plc 0191 263 5544
Bill Taylor, Chief Executive
Stan Elliott, Finance Director

Brewin Dolphin Investment Banking 0845 270 8610
Andrew Emmott

Rawlings Financial PR 01756 770 376
Catriona Valentine
Keeley Clarke



ENDS

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

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