• Group revenue for the six months of £278.1m (2007: £284.2m).
• Group profit before tax increased 1% to £33.4m (2007: £33.2m).
• Underlying Group profit before tax* decreased to £19.2m (2007: £32.5m) reflecting weaker market conditions in the UK and Europe.
• Basic earnings per share increased 30% to 23.2p (2007: 17.8p).
• Underlying basic earnings per share* of 10.0p (2007: 17.4p).
• Interim dividend remains at 6.0p (2007: 6.0p).
• Strong financial position with net debt at 30 June 2008 of £5.9m.
• Infinergy wind farm business sold realising a one-off profit of £17.0m.
• Resilient performance from Asia and non-transaction businesses.

* After adjusting for share based payments (£0.9m / 0.5p), amortisation of intangibles and impairment of goodwill (£1.9m / 1.4p) and deducting profit on disposals (£17.0m / 15.1p)

Peter Smith, Chairman of Savills plc, comments:

"2008 continues to be a challenging year for the real estate industry worldwide. However, we have delivered a robust set of figures as a direct result of creating a more balanced business. Our strategy over the past few years of reducing our dependence on transactional income by growing our Consultancy, Property Management and Fund Management businesses has served us well in these unsettled markets.

We are taking action to reduce costs across the Group, but are also continuing to invest selectively. We believe the broad range of services we provide, our high quality staff and our geographical spread will ensure that Savills will continue to compete strongly in our markets and seize growth opportunities as they arise."

A RECORD SIX MONTHS FOR ASIAN BUSINESS WITH 40% INCREASE IN PROFITS

Robert McKellar, Chief Executive Officer, Savills Asia Pacific, commented:

"It's encouraging to achieve a record half year results with pre-tax profits for Savills Asia up 40% to US$17.5m.  No part of the region is immune to the impact of credit squeeze but we are still able to achieve strong performances, especially in Hong Kong, Singapore and China. Our teams continued to secure instructions, with notable transactions included the acquisition by China Pacific Insurance of the Feng Sheng Building in Beijing for approximately US$312m.  Hong Kong office also concluded the biggest transaction in town so far this year for the sale of the entire block of Trade Square transacted at approximately US$194m.  Though outlook for the second half will continue to be challenging I believe that our teams will continue to demonstrate their real strength and outperform the market."

Note to editors:

Savills is a leading global real estate service provider listed on the London Stock Exchange. The company, established in 1855, has a rich heritage with unrivalled growth. It is a company that leads rather than follows, and now has over 200 offices and associates throughout the Americas, Europe, Asia Pacific, Africa and the Middle East.

A unique combination of sector knowledge and entrepreneurial flair give clients access to real estate expertise of the highest calibre. We are regarded as an innovative-thinking organisation backed up with excellent negotiating skills. Savills chooses to focus on a defined set of clients, therefore offering a premium service to organisations with whom we share a common goal. Savills takes a long-term view to real estate and works hard to invest in long term and strategic relationships and is synonymous with a high quality service offering and a premium brand.