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Statement Regarding Press Speculation

02 October 2006
Hogg Robinson Group plc ("the Company") notes recent press comment in a business travel industry publication speculating that the company could be taken over by an industry rival, namely American Express. The Board of Hogg Robinson Group categorically states that this article is unfounded and the Company is not and has never been in any kind of merger or takeover talks with American Express. As announced on 26 September 2006, the IPO of Hogg Robinson Group plc has been delayed. It is therefore still the Board's firm intention to pursue a listing on the London Stock Exchange.
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