Umbro Sees U.S. Sales Slow…

At the Umbro Annual General Meeting, Peter McGuigan, CEO, said that sales for the year are in line with expectations. International Wholesale Sales and Royalty Income are anticipated to continue to grow. Asia has delivered a “particularly pleasing performance,” with China generating the bulk of the growth. Likewise, Europe is forecast to increase and robust growth from Russia is expected.

USA sales will be lower, although this will have little impact on profits. Latin America shows growth on last year. The UK marketplace continues to be highly competitive. Sales will be materially higher than last year driven by the World Cup effect. The new English National Team away shirt and related product have been delivered on time ahead of the World Cup and as momentum builds, strong sell through at retail is anticipated.

Umbro Sees U.S. Sales Slow

At the Umbro Annual General Meeting to be held at 11am this morning, Peter McGuigan, Chief Executive Officer, said that sales for the year are in line with expectations.

International Total Wholesale Equivalent Sales and Royalty Income are
anticipated to continue to grow. Asia has delivered a particularly pleasing
performance, with China generating the bulk of the growth. Likewise, Europe is
forecast to increase over last year and robust growth from Russia is expected.

USA Total Wholesale Equivalent Sales will be lower, although this will have
little impact on profits compared to 2005. Latin America continues to perform
well and shows growth on last year.

The UK market place continues to be highly competitive. Turnover will be
materially higher than last year driven by the tournament effect. The new
England away shirt and related product have been delivered on time ahead of the
World Cup and as momentum builds in advance of the tournament strong sell
through at retail is anticipated.

Performance across the range of the Group's activities is encouraging and the
Board remains confident of a good outcome for the year.

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