DEBT Debtmatters

RNS Number:1867J
Debtmatters Group PLC
20 September 2006


DEBT.L

                             Debtmatters Group plc
                         ("Debtmatters" or the "Group")

                            Pre-close Trading Update


The Board of Debtmatters is pleased to make the following trading update for the
six months to 30 September 2006 prior to entering its close period.

Trading during the period has been strong:

   * Trading comfortably in line with upper end of market consensus
   * Approved case volumes consistently above 500 per month
   * Conversion rate in the region of 8% of all consumers contacting us for
     advice
   * Loanmakers acquisition successfully integrated into the Group and trading
     in line with expectations
   * Group now cash generative
   * Established infrastructure providing platform for continued growth

Average proposed return to creditors from Debtmatters IVAs are currently running
at 37%. Bankruptcy return to creditors on approved cases handled by Debtmatters
is just over 2%. Actual return to creditors can be better demonstrated by taking
into account the number of IVAs surviving a full term and reaching a successful
conclusion. On this basis, present statistics suggest that between 85% and 90%
of Debtmatters IVAs are likely to survive their full term or reach full
settlement early, and so generate the expected return to creditors.

Loanmakers has performed well since acquisition in June. Trading volumes are
encouraging and in line with expectations. As previously announced, it will
shortly be relocating to new premises adjacent to Debtmatters, allowing
expansion in staff numbers and organic growth. Cross referral opportunities
between Group companies are now being identified and we anticipate this will
grow successfully in the coming months.

Debtmatters expects to announce interim results towards the end of November.


Ges Ratcliffe, Chief Executive, commented:

"The recent ISO9001 status award announced last week and our Investors in People
accreditation demonstrate our commitment to being a provider of high level
advice in the debt industry. As part of this, we support calls for greater
regulation. The market for our services remains robust and the Group is well
placed to capitalise on the significant opportunities still before us. I look
forward to updating shareholders further on our progress when we report interim
results in November."


For more information, please contact:

Ges Ratcliffe                       CEO, Debtmatters Group plc     01204 678 200
Dugald Carlean / Freddy Crossley    Charles Stanley Securities     020 7739 8200
Shane Dolan / Dan Bradley           Biddicks                       020 7448 1000




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

END
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