Rule 2.10 Announcement

Low & Bonar PLC announces, in accordance with Rule 2.10 of the City Code on Takeovers and Mergers, that as at the close of business on 1st December, 2005 its relevant securities in issue consisted of 100,231,400 ordinary shares of 25 pence each.

The ISIN reference number for the ordinary shares of 25 pence each is GB0005363014.