Blocklisting Interim Review

Name of applicant:

Low & Bonar PLC

Name of scheme:

Low & Bonar Savings (no.1) Management Share Option Scheme

Low & Bonar 1994 (no.2) Management Share Option Scheme

Low & Bonar Savings Related Share Option Scheme

Low & Bonar 1997 Sharesave Scheme

Low & Bonar 2003 Long-Term Incentive Plan

Low & Bonar 2007 Share Matching Plan

Low & Bonar International Sharesave Scheme

Period of return:

From:

20/5/2010

To:

21/11/2011

Balance of unallotted securities under scheme(s) from previous return:

* Low & Bonar Savings (no.1) Management Share Option Scheme - 184,000

**Low & Bonar 1994 (no.2) Management Share Option Scheme - 154,000

***Low & Bonar Savings Related Share Option Scheme - 265,760

Low & Bonar 1997 Sharesave Scheme - 1,929,051

Low & Bonar 2003 Long-Term Incentive Plan - 403,954

Low & Bonar 2007 Share Matching Plan - 3,819,378

Low & Bonar International Sharesave Scheme - 2,044,867

Plus:  The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):

Less:  Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G):

Equals:  Balance under scheme(s) not yet issued/allotted at end of period:

* Low & Bonar Savings (no.1) Management Share Option Scheme - 184,000

**Low & Bonar 1994 (no.2) Management Share Option Scheme - 154,000

***Low & Bonar Savings Related Share Option Scheme - 265,760

Low & Bonar 1997 Sharesave Scheme - 1,929,051

Low & Bonar 2003 Long-Term Incentive Plan - 403,954

Low & Bonar 2007 Share Matching Plan - 3,819,378

Low & Bonar International Sharesave Scheme - 2,044,867

Name of contact:

Matthew Joy, Company Secretary

Telephone number of contact:

0207 535 3180