Parkwood Holdings plc

("Parkwood" or the "Group")

Interim Management Statement

29 April 2010

Parkwood, the specialist support service group, issues the following Interim Management Statement
covering the period 1 January 2010 to date.

Trading in January was adversely affected by the severe weather conditions, particularly in the Leisure Division where a number of centres were closed due to the snow and ice. After this difficult start, trading conditions have improved with more satisfactory levels of performance in Spring.

In April the Group completed the £27.6 million Leisure PFI contract with Bristol City Council to build a new leisure centre and car park at Hengrove. A profit of £0.7 million will be recorded in the interim results from the development fee and sale of equity in the PFI special purpose company. The subordinated debt for the project was provided by Equitix Leisure Limited who also purchased the equity in the PFI special purpose company. Parkwood Consultancy Services will undertake the project management and management services. The leisure centre is scheduled to open in February 2012 and will be operated by Parkwood Leisure under a 25 year contract with an annual value of £2.3 million.

The flow of tender opportunities has been affected to a certain degree by the current political climate but the Group is working on a number of new business opportunities. The Group's current order book is £492 million (31 December 2009: £471 million).

The Group has maintained positive cash balances throughout the period and has benefited from lower interest costs as a result of its reduced gearing.

For further information, please contact:

Parkwood Holdings plc

Tony Hewitt                  01772 627111

Mike Quayle

Brewin Dolphin Investment Banking

Neil Baldwin                 0845 213 4726

ENDS