11 December 2003

                                    TDG plc                                    

                          PRE-CLOSE TRADING STATEMENT                          

TDG is today providing a trading update ahead of the commencement of the close
period preceding the Group's preliminary results announcement on 25 February
2004.

Operating profits from Contract Logistics activities in the UK & Ireland and
Chemicals, and in UK Cold Storage, are in line with our expectations, as the
impact of the challenging trading conditions has been offset, primarily through
cost reductions. In the Netherlands operating profit will be lower than our
expectations due to lower than expected customer volumes. Overall, we expect
headline profit (before exceptional operating costs and exceptional items) for
2003 to be broadly in line with 2002.

We have taken action to reduce the cost base in the Netherlands by
consolidating one of the smaller sites into the Nijmegen facility and by
reducing headcount across the business. The cost of these actions, which will
be charged in 2003 as an exceptional operating cost, is estimated to be �3.5m,
and the project has an estimated payback of 18 months. In cash terms, the cost
will be more than covered by the estimated �5m proceeds which we expect to
receive during 2004 from the disposal of property in the Netherlands that is
now surplus to our operational requirements. The Netherlands remains an
attractive market where we expect to be able to generate good returns from the
strong platform we have established, when economic conditions improve.

Good progress has been made in the execution of the Group's plan to withdraw
from direct operations in France and to realise proceeds from asset disposals.
The expected exceptional charge and cash flows remain in line with the
estimates made at the interim announcement on 30 July 2003.

Across the industry, lead times for the conversion of pipeline opportunities
into new business wins remain stretched. Despite this, our new business wins
for the full year are expected to be broadly in line with last year.

Enquiries:                                                              
                                                                        
TDG                                     Financial Dynamics              
                                                                        
David Garman, Chief Executive           Ben Foster                      
                                                                        
Paul Mainwaring, Finance Director       Andrew Dowler                   
                                                                        
Tel: 020 7222 7411                      Tel: 020 7831 3113              

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