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Healthcare Locums plc

(the 'Company')

Trading Update

Healthcare Locums plc, the UK's largest and fastest growing specialist health and social care staffing company, reports on trading for the 26 week period ended 30 June 2009. The Company will announce its interim results for the period ended 30 June 2009 on 7 September 2009.  

The Company is pleased to report that trading continues to be very robust with all divisions showing consistent month on month revenue growth throughout the period. In the month of June the Group recorded its best ever run rate performance, with a run rate* turnover of £203m compared to the £189 million announced at the Annual General Meeting of May 2009.

Importantly, the month of June reflected a gross margin run rate increase from £61 million per annum reported at the AGM, to a run rate in June of £63 million per annum.

Trading remains strong across all divisions. In the UK marketplaces, the Doctors, Qualified Social Workers and Allied Health Professional divisions have all delivered solid performances, while the International Permanent Placement division has shown notably impressive growth during the first half of 2009. 

The driver for the Company's continuing strong growth is growing demand for qualified health and social care professionals, against a background of limited supply.  All divisions have grown market share and retain their market leading positions. 

Kate Bleasdale, Executive Vice Chairman of Healthcare Locums plc, commented:

'We are very pleased with the Group's ongoing strong performance and organic growth. We see enormous opportunities for further growth in all our divisions. We look forward with confidence to the second half of 2009 and beyond.'

For further information contact:

Kate Bleasdale, Executive Vice Chairman            020 7451 1451

Diane Jarvis, Group Managing Director

Helen Tarbet, PR Manager

Bell Pottinger Corporate & Financial                     020 7861 3232

David Rydell/Emma Kent/Laura Pope

Fairfax I.S. PLC

Simon Bennett/Adam Hart/Laura Littley                 020 7598 5368

Collins Stewart Europe Ltd                                     020 7523 8353

Adrian Hadden

 

Daniel Stewart                                                           020 7776 6574

Martin Lampshire

* For the purpose of this announcement the 'run rate' is defined as the turnover / gross margin for the month of June 2009 multiplied by 12. This figure should not be taken as a forecast of turnover or gross margin for the Company.

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