NDH Network Data

RNS Number:7382I
Network Data Holdings PLC
29 November 2007

29 November 2007

                           NETWORK DATA HOLDINGS PLC
                        ("Network Data" or "the Group")



The Directors of Network Data would like to update shareholders on the trading
position of the Group in light of the recent developments on HIPs.



The core business, Network Data Limited, continues to perform in line with
market expectations which the Directors regard as positive and evidence of the
robustness of the business model in the light of the current turmoil in the
mortgage industry.



As shareholders are aware, there have been several well-publicised delays in the
implementation of the Government's Home Information Pack ("HIP") legislation
which had originally been planned for 1 June 2007. The full rollout has been
delayed by over 6 months which has meant that the Group has been carrying the
costs but receiving little income from its HIPSTAR Ltd subsidiary for a
significantly longer period than forecast.



In addition volumes of HIPs to date have been significantly lower than
previously forecast, partly as a result of the slow down in the housing market
in the autumn.



The Group has also faced delays in its launch of Homeowners Mortgages Limited ("
HOM"), a whole of market lender covering all classes of mortgages.  The Group
has been responsible for the start-up costs of HOM but the current financial
crisis has meant that mortgage funding arrangements for this business have been
deferred.



The delay in the roll-out of HIPs and the costs associated with development of
HOM have meant that the full year result for the Group is likely to be
materially worse than the Board's previous expectations.



As announced by the Government recently, from 14 December 2007 all properties
will require a HIP which will mean that 2008 will be the first fully
representative year for the HIPs market. The Directors believe that HIPSTAR Ltd
is well positioned to take a significant market share now that HIPs are to form
part of the home buying process for all house purchases.  The Directors'
expectations for 2008 remain unchanged and they are confident that the Group
will be well positioned to increase business volumes across all businesses.



Enquiries:

Richard Griffiths
Chief Executive Officer
Network Data Holdings PLC
Tel: 01932 875 728

John Riddell
Noble & Company Limited
Tel: 020 7763 2200






                      This information is provided by RNS
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