RNS Number:2622Q
Scottish Radio Holdings PLC
29 September 2003


                                                               29 September 2003

                      Scottish Radio Holdings plc ("SRH")

Trading Update

The Board of SRH issues today a trading update prior to the end of its financial
year (30 September): SRH results for this year will be announced on 20 November
2003.

Overview

Radio and press revenues are estimated to be 18% ahead of last year.

Excluding acquisitions and disposals, like-for-like group revenues (in constant
currency terms) are estimated to have increased by 5% with a 6% rise in radio
revenues and a 4% increase in press revenues.

Radio

The most recently published RAJAR audience figures, covering the three months to
June 2003 (excluding Republic of Ireland), confirmed SRH radio companies' market
leading positions. Radio Forth widened the gap over its major commercial
competitor in Edinburgh while Radio Clyde continued its dominant position in
Glasgow.

Total like-for-like radio revenues (in constant currency terms) for the twelve
months to 30 September 2003 are expected to be 6% up on last year reflecting an
increase of 10% in national advertising revenue; 3% growth in local advertising
revenues and sponsorship and promotions income increasing by 7% (in the latter
two cases against a strong performance last year).

Including acquisitions radio revenues are estimated to be 21% ahead of last
year.

Across the UK and the Republic of Ireland SRH has 21 wholly-owned and 2
partly-owned radio services and operates 6 digital radio multiplexes; and has a
presence on a number of other multiplexes.

Press

Like-for-like revenues (in constant currency terms) for the division are
expected to have increased by 4% over last year. Advertising and circulation
revenues for the year to 30 September are expected to show increases of 5% and
2% respectively with an increase in other revenues (mainly from printing
contracts) of 3%.

Including acquisitions press revenues are estimated to be 14% ahead of last
year.

The Score Press division publishes 43 local weekly newspaper titles.

Outlook

Our recent acquisition of GWR's stake in Vibe Radio Services Limited means that
we now have sole ownership of two important regional radio licences (Vibe 101
and Vibe FM) to add to our existing large English regional station Wave 105.
With these additions SRH is well positioned in the marketplace, with its market
leading radio companies in Scotland and Ireland and solid local press titles.

The Group's two divisions have produced a strong revenue performance and in
radio it is encouraging that like-for-like national advertising has increased
10%. The immediate outlook for growth in our national advertising revenue is
encouraging.

The Board continues to view prospects with confidence and believes that the
company remains in a strong position to grow the two divisions both organically
and by acquisition.

Enquiries:

Scottish Radio Holdings plc
Richard Findlay, Chief Executive                       0141 565 2202
Alan Wilson, Finance Director                          0141 565 2242

Public Relations
Gavin Anderson & Company                               020 7554 1400
Byron Ousey / Ken Cronin


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

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