Completion of JV Arrangements with BBV

Fenner PLC ("Fenner")

Fenner Completes Joint Venture Arrangements with BBV

Further to the announcement on 5 November 2010 that Fenner had exchanged contracts to enter into a Joint Venture with BBV, Fenner confirms that all conditions precedent have been met and that the formal Joint Venture arrangements were completed on 9th November 2010 and the final part of the transaction relating to associated interests completed on 30th November 2010.

Fenner is a world leader in the field of reinforced polymer engineering. Products include conveyor belting for the mining and power generation markets; precision motion control products for the office automation and mechanical equipment markets; sealing products for the mining, hydraulics and energy industries; technical fabrics and polymer products for the medical device industry.

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For further information please contact:

Fenner PLC

Mark Abrahams, Chief Executive 01482 626501

Richard Perry, Finance Director

Weber Shandwick Financial

Nick Oborne/ Stephanie Badjonat 020 7067 0700