Low & Bonar PLC - AGM Statement

The Chairman of Low & Bonar PLC, Duncan Clegg, will make the following statement at today’s Annual General Meeting:

"Despite increasing raw material price pressures I am pleased to report that overall trading remains in line with our expectations. Group revenue is continuing to progress, based on both organic and acquisition-driven growth. Our organic growth is based primarily on gains in market share as opposed to any significant improvement in underlying market growth rates. Our three acquisitions in the last 12 months – Xirion, Geotipptex and Threshold – are performing to plan and we continue to pursue other value-enhancing acquisitions of varying size."

Enquiries:
Duncan Clegg, Chairman
Paul Forman, Group Chief Executive
Low & Bonar PLC - Tel: 020 7535 3180

David Trenchard
Peter Hewer
Tulchan Communications – Tel: 020 7353 4200