AGM Statement

RNS Number:5463K
Low & Bonar PLC
30 April 2003


30 April 2003


AGM: CHAIRMAN'S STATEMENT


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

"The last few months have been an important period for Low & Bonar with
significant senior management changes.   The new team has developed an immediate
strategy which is beginning to bear fruit.   Consistent with this, we have made
our first acquisition for some years, strengthening our flooring business, and
are pleased to be able to report that this is performing well.


Actions taken over the last six months have focussed on initiatives to grow our
market share and to reduce our cost base.  The market remains extremely
demanding and raw material prices have escalated rapidly in the second quarter.
We have responded to these movements by implementing price increases where
possible.  Notwithstanding these testing conditions I am encouraged by the
progress being made; trading remains in line with expectations."


Enquiries:

Paul Forman, Chief Executive

Low & Bonar PLC                                           Tel: [phone]


Michelle Morton/Tim Spratt

Financial Dynamics                                        Tel: [phone]


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