M&C SAATCHI PLC

Earnings Release • Jan 20, 2020

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RNS Number : 2402A

M&C Saatchi PLC

20 January 2020

Trading update

M&C Saatchi is pleased to announce a trading update ahead of its results for the year ended

31 December 2019. The Company anticipates that underlying profit before tax, before exceptional costs, will be in line with the Board's expectations as set out in the trading update of 4 December 2019. We are also pleased to announce net cash for the year ended 31 December 2019 is expected to be at least £15 million, substantially ahead of expectations following the implementation of improved cash collection processes.

As previously announced, we will confirm the appointment of new independent non-executive directors in the near future.

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For further information please call:

M&C Saatchi                                          +44 (0)20-7543-4500

David Kershaw, Mickey Kalifa

Tulchan Communications                    +44 (0)20-7353-4200

Tom Murray

Numis Securities                                    +44 (0)20-7260-1000

Nick Westlake, Hugo Rubinstein, NOMAD

Charles Farquhar, Corporate Broking

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