Summary and outlook

The Group delivered a strong first half performance. Organic growth and margin improvement were affected by currency headwinds, which at current exchange rates will have a greater impact in the second half.

Noting that the Group has limited forward visibility, the Board continues to expect further progress in 2014 on a constant currency basis.

S.C. HarrisGroup Chief Executive
31 July 2014

D.F. LandlessGroup Finance Director
31 July 2014