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Friday 26 November, 2004

Jardine Lloyd Thmpsn

Trading Statement

Jardine Lloyd Thompson Group PLC
26 November 2004

                                                                26 November 2004



                        JARDINE LLOYD THOMPSON GROUP plc

                       TRADING STATEMENT AND BOARD CHANGE



Jardine Lloyd Thompson Group plc ('JLT' or 'the Group') today announces that it
expects profit before tax and exceptional items for the year ended 31 December
2004 to be in the region of £92 million (£100 million before tax, exceptional
items and goodwill amortisation).


The trading environment in the second half of 2004 to date has been difficult,
particularly within Risk Solutions, a significant part of the Group's Risk &
Insurance business.  The insurance market has softened at a faster rate than had
been anticipated earlier in the year. This, coupled with the full year impact of
lower reinsurance revenues in the UK and USA, and the continued weakness of the
US dollar, has had a significant impact on revenues within the Risk and
Insurance group.  The Employee Benefits business of the Group continues to trade
in line with expectations.  The Board anticipates paying an unchanged final
dividend for the year.


The Board of JLT also announces that it has accepted the resignation of its
Chief Executive, Steve McGill.  Mr McGill leaves the business with immediate
effect.  Ken Carter, Chairman, has agreed to become Executive Chairman of the
Group for a period of up to two years, by the end of which time the Group will
appoint a new Chief Executive.


In addition, Geoffrey Howe, an independent Non-Executive Director, is appointed
as Joint Deputy Chairman alongside Rodney Leach with immediate effect.


Ken Carter, Executive Chairman, commented:



'Although December remains an important month for revenue generation, the Board
is now of the view that the Group profit before tax will be lower than current
market expectations and we have therefore moved to update the market
accordingly.  The Board has accepted the resignation of Steve McGill and would
like to thank him for his hard work and considerable achievements and wish him
well for the future.'




Enquiries:


JLT Group                        0207 528 4955

Ken Carter

George Stuart-Clarke



Finsbury Group Ltd               0207 251 3801

Rupert Younger

Julius Duncan








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