Accidentcare Group PLC, the leading supplier of vehicle accident assistance, announces its Q1 2000 results, which are ahead of the prospectus forecasts at the time of joining Ofex in September.  We are delighted to report that turnover has increased from £704,020 in Q4 1999 to £755,918 in Q1 2000 (Q1 1999 - £421,866).   The profit of £42,156 compares favourably with the prospectus forecast of £38,142 (Q1 1999 - £20,151).  Earnings per share were 0.38p.

Our current performance, in terms of turnover and profit, is ahead of our original forecast in the prospectus. Whilst we anticipate that the rate of growth in our core business will be maintained, the second half of year 2000 will see Accidentcare developing the new Interactive programme which will involve significant expenditure on laying the foundations for the future growth of the company.

With this new corporate branding, Accidentcare further distances itself from its perceived competitors.  As I have said many times, both in the press and the marketplace generally, Accidentcare is and continues to be unique in its philosophy, products and services.

Over the coming months we intend to significantly broaden Accidentcare's product base through existing and newly established distribution channels, associations with internet providers and dealer groups and to further increase public and industry awareness. 

During the first quarter we announced our joint venture agreement with by iii (interactive investor international) to provide Accidentcare cover to all motor policies sold through the internet venture with Policymaster.  Also MasterPlan, Policy Master's Insurance schemes marketing company will be promoting the Accidentcare Gold service to its members around the UK and Policy Master will be integrating it into their computer administration systems.  We also confirmed our first venture into sales of our products through Motor and Internet-based dealers with D.C. Cook and D.C. Cook Interactive, respectively.  The financial benefits of these new schemes will start to impact in Q4 2000 and should have an extremely positive effect in 2001.

Finally, I am happy to report that Accidentcare continues to thrive, with trading ahead of expectations, and is enjoying the benefits of PLC status and increased professional recognition in the Insurance and Motoring industries.

Roy S. Kent, T.Eng (CEI) FIMI      x June 2000
Chairman

Enquiries:

Accidentcare Group PLC
Roy Kent, Chairman & Managing Director    020 8200 9999

College Hill
Michael Padley/Nicholas Nelson     020 7457 2020

CONSOLIDATED PROFIT AND LOSS ACCOUNTFOR THE PERIOD ENDED 31 MARCH, 2000

The comparative figures are those of Accidentcare Limited and exclude discontinued activities.

NOTES to the Financial Statements for the period ended 31 March 2000

Accounting Convention

The Financial Statements have been prepared in accordance with applicable accounting standards.

Earnings Per Share

The Earnings Per Share have been calculated on the basis of 10,990,000 shares in issue.

Turnover

The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the United Kingdom.

This announcement has been approved by Teather & Greenwood Limited which is regulated by the Securities & Futures Authority Limited, for the purposes of section 57 of the Financial Services Act 1986.