Trinity Mirror plc 2006 Interim Results

Operational highlights

Revenue* fell by 2.2% to 566.6 million, as a result of a challenging advertising environment. Excluding acquisitions, revenue* fell by 38.3 million or 6.6%

Operating profit* and profit before tax* fell by 14.3% and 12.8% respectively

Net cost savings of 9.0 million. On target to achieve at least 15 million in full year

Non-cash impairment of the carrying value of Regional newspaper titles of 250.0 million in accordance with IAS 36

Completed acquisition of Email4Property which complements the acquisition of Smartnewhomes in 2005 and extends our property advertising reach

Completed divestment of our Magazines and Exhibitions division

Despite net capital expenditure of 38.4 million and dividend payments of 45.1 million, strong cash flows resulted in net debt** increasing by only 22.5 million

Proposed Interim dividend stable at 6.4p per share, reflecting continued confidence in strong cash flows

The Board commences a review of the business to position the Group for future growth

The Board expects performance for the year to be in line with current expectations despite continuing challenges in the advertising environment

Within the following Chief Executiveís Statement and Review of Operations, all figures are presented on an adjusted basis (which is including discontinued operations and excluding non-recurring items, the amortisation of intangible assets and the impact of IAS 39) unless otherwise stated. A reconciliation between the adjusted and the statutory numbers is provided in note i on page 24.

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