Quercus Publishing plc
LSE : QUPP

November 30, 2009 02:00 ET

Trading Update

                                                                         GB00B1G17S00/GBP/PLUS-exn
                                                                                  30 November 2009

                                      Quercus Publishing Plc
                                   ("Quercus" or the "Company")
                                                 
                                          Trading Update
                                                 
The  Directors of Quercus are pleased to announce that trading in the first ten months of 2009 has
been  strong  and, as a consequence, the Company expects results for the year ending  31  December
2009 to be materially ahead of current market expectations.

Much  of  the Company's performance has been driven by particularly high sales of all three  Stieg
Larsson  novels (The Girl with the Dragon Tattoo, The Girl who Played with Fire and The  Girl  who
Kicked  the  Hornets' Nest), but the Directors are pleased to report that both  of  the  Company's
divisions (Trade Publishing and Contract Publishing) are trading at or above plan.

Current  indications are that this performance will continue through the Christmas trading  period
and  into  2010, but the Directors remain cautious and watchful of the health of High Street  book
retailers and the level of consumer confidence.

The  Company  also  reports  that it has repaid in full the short term  working  capital  facility
provided by Pentland Group Plc, one of the Company's shareholders.

The  Directors  are  also pleased to report that Quercus has secured an increase  in  the  banking
facilities available to the Company, under a new agreement with the Bank of Ireland.

The Directors of Quercus Publishing Plc are responsible for the contents of this announcement.

Enquiries:

Quercus Publishing Plc                                                  020 7291 7200
Mark Smith, Chief Executive

St Helens Capital Partners LLP                                          020 7368 6959
Mark Anwyl or Duncan Vasey

Notes to Editors:

*        Quercus  Publishing  plc  is an independent publisher based in London.  The  Company  was
         founded by Mark Smith and Wayne Davies in May 2004.
*        The Company was listed on PLUS markets in October 2006.

Contact Information

  • Quercus Publishing plc