30 Nov 2005

Low & Bonar PLC - European Commission Decision

Low & Bonar PLC (the "Company") announced on 10 May 2004 that the Group was one of a number of groups which received a statement of objections from the European Commission investigating allegations of a cartel relating to industrial bags, a market which the Group exited in 1997 following the sale of its Belgian packaging business to BPI.

Following the conclusion of its investigation the European Commission today notified the Company of the European Commission's decision that the Company and Bonar Technical Fabrics N.V. infringed Article 81 of the European Commission Treaty. The European Commission has imposed a fine of €12.24 million on the Group out of fines totalling €290 million. The Company and Bonar Technical Fabrics consider the amount of the fine to be disproportionate and will assess the possibility of an appeal following receipt of details of the decision.

Enquiries:
Tulchan Communications
David Trenchard/Peter Hewer		020 7353 4200