AGM and IMS

12 January 2011

Fenner PLC ("Fenner")

AGM Statement 2011 and Interim Management Statement

Fenner PLC is issuing the following Interim Management Statement for the period from 1 September 2010 to 12 January 2011, ahead of its Annual General Meeting to be held at 10.30am today.

CURRENT TRADING

As anticipated, the business has seen a sharp increase in first quarter profitability compared to the slower trading period of the prior year.

In our Advanced Engineered Products Division, the margins being achieved at the end of the last financial year have been sustained through the first quarter of the new year and activity levels were ahead of those experienced before the downturn.

The Conveyor Belting Division is benefiting from increased efficiency and factory throughput, facilitated by the recent capital investments and current strong order books. We are also encouraged by the early indications from our expansion in Australia via the acquisitions of Belle Banne Victoria and Leading Edge Conveyor Solutions (together "BBV"), which were announced in November 2010.

Net borrowings, after the initial consideration from the BBV acquisition and seasonal outflows, are in line with our expectations.

OUTLOOK

In the second quarter, we expect further progress through this seasonally quieter period, benefiting from ongoing margin recovery and further gains in market share.

Our order books give good visibility and we have increased confidence in our outlook.

Certain statements contained in this document constitute forward-looking statements. Such forward-looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of Fenner, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such statements.

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