Management will be indicating that the performance of the business has been very strong and that there have been no material changes in underlying trading or market conditions across the various businesses since the interim results announcement for the 6 months to 30 June 2008. Actual performance has also benefitted from recent euro and dollar strength.

An overview of the financial performance for the nine months to 30 September 2008 is as follows:

Organic Growth (calculated to exclude acquisitions and disposals, and at constant exchange rates)

Overall organic growth was 10.3% (2007: 8.6%) with 8.6% in developed markets and 16.5% in New Markets.

• In security services, organic growth was strong at 9.8% as a result of increasing outsourcing trends
• In cash services there was excellent organic growth of 12.1% with strong performances across both developed and New Markets

Margins

Overall margins were in line with the same period last year.

• Security services margins were broadly unchanged with improved performances from some markets offset by the impact of new contracts and start-up costs in the US Government sector

• In cash services, trading continued to be strong, with margin improvements being driven mainly by the businesses in Europe

Acquisitions & Divestments

No significant acquisitions or divestments have been made since the half year. In September the group announced it had received an offer for its French manned security business. Once this transaction is completed it will conclude G4S’s exit from the French market.

The total net amount invested in acquisitions for the year to date is approximately £555 million. This was financed with an equity placing raising £276 million in May 2008 and the balance funded from the group’s own resources. The most significant acquisitions were Global Solutions Ltd and ArmorGroup. Other acquisitions included businesses based in Greece, Malta, Serbia, UK and USA and the buy-out of minority interests in businesses in the Baltic States and Macau. All of these acquisitions are performing well and will play integral roles in delivering the new strategy to drive accelerated growth and development for the group.

Financing

In July 2008, the group completed a $514 million and £69 million private placement of notes, which mature at various dates between 2013 and 2020 and bear interest at rates between 6.09% and 7.56%. As reported in the interim results to 30 June 2008, the group also has in place a revolving credit facility of £1.1 billion (at 0.225% above LIBOR) and an existing private placement of $550 million (at interest rates between 5.77% and 6.06%) neither of which mature before 2012.

Outlook

The strong trading performance in the first half of the year has continued. Despite recent economic uncertainty and turmoil in the financial markets and based on the strong underlying performance described above and indications of current trading, we remain very confident about the ongoing performance of the group and expect to deliver strong EPS growth for the full year.