Final Results

Results for the Fourth Quarter and Financial Year ended 3 February

2013 Key Financials £m Q4 12/13 Q4 11/12 Q4 FY 12/13 FY 11/12 FYContinuing operations (14 (13 Growth(a) (53 weeks) (52 weeks) Growth(a)(unaudited) weeks) weeks) £m £m £m £mTotal revenue 239.3 233.4 -3.0% 952.0 973.1 -2.8%Adjusted operating 23.9 25.5 -3.4% 96.0 107.3 -7.8%profit(b) Adjusting items 2.8 - (5.1) 16.1(net)(b) Total operating profit 26.7 25.5 8.0% 90.9 123.4 -24.7%Adjusted profit before 18.7 20.3 -7.9% 75.7 88.5 -14.5%tax(b)Total profit before 21.5 20.3 5.9% 70.6 104.6 -32.5%taxationAdjusted earnings per 3.6p 4.0p -10.0% 14.8p 17.4p -14.9%share (b)Basic earnings per 4.0p 4.0p - 13.6p 21.2p -35.8%shareFree cash flow(c) 21.6 23.0 -6.1% 58.1 47.2 23.1%Ordinary dividend(d) 6.0p 6.0p - 10.4p 10.4p - Highlights

- Full year adjusted operating profit of £96.0m, with full year sales per daydeclining 2.8%.

- Industry leading operating margin at 10.1%.

- Q4 sales declined 3.0% year on year. Sequential quarterly growth achieved inall segments except MDD Americas, where actions have been taken andperformance has improved since November.

- Our active customer base exited Q4 up 1.3% on the prior year and 0.8percentage points over Q3, excluding Raspberry Pi, reflecting the strength ofour proposition and giving us confidence in future opportunities.

- Operating expenses were 28.0% of sales in Q4 compared with 28.3% in theprior year as we continue to effectively manage our cost base.

- Actions taken to increase our operational efficiency at both the start andend of Q4 will deliver annualised cost savings of £6.4m, an incremental £2.4msaving to the actions announced in our third quarter statement.

- Operating cash flow conversion(e) for the year remained strong at 125% andfree cash flow of £58.1m up 23.1%.

- The Board recommends a final dividend of 6.0 pence per share (2011/12: 6.0pence). This will result in a proposed full year dividend of 10.4 pence pershare (2011/12: 10.4 pence).

Strategy

- Reshaping of the business continues with the aim of providing an improvedcustomer experience through targeted strategies to customer-centric segmentsof the electronics market.

- Further development of our multi-channel offering is underway supported by anew web platform.

- Increased and targeted inventory investments being made to support ourproposition.

- Refinement of our key performance indicators to reflect focus on growth,efficiency, profitability and cashflow.

Commenting on the results, Laurence Bain, Group Chief Executive,said:

"Market conditions remained challenging during the quarter andfourth quarter sales per day declined 3.0% year on year but were in line withthe third quarter. This reflected sequential growth from all our segmentsother than MDD Americas where actions taken have begun to realise results.Gross margin continued to be managed in line with the market conditions, whileour focus on efficiency has ensured the continued delivery of our industryleading operating margin. Our cash performance also remained strong, as ourbusiness model continues to demonstrate its cash generative characteristicsthrough difficult market conditions. As we seek to optimise our business performance, we willcontinually assess our strategic progress and look to evolve this whereappropriate. We remain committed to meeting the needs of all our targetedcustomers across the high service electronics space and will invest further inour inventory, systems and the development of our differentiating multichannelsales strategy to support this objective, whilst continuing to driveefficiencies, simplify our business structures and leverage our regionalcapabilities across the globe. We have taken steps to refine our keyperformance indicators to reflect our renewed focus. Whilst we have limited visibility and current market conditionscontinue to be uncertain, the new financial year has started positively and weremain confident in our ability to implement our strategic vision and optimisethe business' performance to grow our active customer base, gain market shareand drive financial performance."

For further information, contact:

Laurence Bain, Chief Executive Premier Farnell plc +44 (0) 20 7851 4107OfficerMark Whiteling, Chief FinancialOfficerThomas Churchill, InvestorRelationsAndrew Lorenz FTI Consulting +44 (0) 20 7269 7291Richard Mountain Premier Farnell's announcements and presentationsare published at www.premierfarnell.com together with business information andlinks to all other Group web sites.

The 2013 Annual Report and Accounts will beavailable on 14 May 2013. The first interim management statement of the 52week financial year ending 2 February 2014 will be announced on 17 May 2013.

Notes:

(a) Throughout this statement, in order to reflect underlyingbusiness performance, sales growth is based on sales per day for continuingbusinesses at constant exchange rates and for like periods, and growth inoperating profit is calculated at constant exchange rates, unless otherwisestated. References to financial results refer to "adjusted" numbers unlessotherwise stated (see note (b) below).

(b) Current year adjusted operating profit, profit before tax, andearnings per share in the table above exclude first quarter restructuringcosts of £7.5m, second quarter acquisition costs of £0.4m related to thepurchase of the entire share capital of Shenzhen Embest Technology Co Ltd(Embest), and fourth quarter restructuring costs of £6.4m offset by a one-offnet gain of £9.2m arising from the buyout of pension rights relating to theGroup's US defined benefit pension plan. In the prior year, adjusted operatingprofit, profit before tax, and earnings per share, excluded the net pre-taxgain of £18.9m from business disposals and excluded restructuring costs of£2.8m. (c) Free cash flow comprises total cash generated from operations,excluding cash flows related to restructuring, less net capital expenditure,interest, preference dividends and tax payments. Free cash flow also excludesnet proceeds from the sale of businesses.

(d) Proposed final dividend for approval by shareholders at thecompany's Annual General Meeting on 18 June 2013.

(e) Operating cash flow (before capital expenditure) as apercentage of adjusted operating profit.

(f) SIA data from Semiconductor Industry Association publication,AFDEC data from Association of Franchised Distributors of ElectronicComponents, PMI data from relevant Purchasing Managers Index published sourcein each market.

Divisional Analysis Revenue Q4 12/13 Q4 11/12 Q4 FY 12/13 FY 11/12 FY (14 weeks) (13 weeks) Growth (53 weeks) (52 weeks) Growth £m £m £m £mUK 28.5 28.1 -6.6% 116.3 120.4 -5.3%Rest of Europe 63.1 62.0 -0.9% 239.2 259.3 -4.1%APAC 17.0 14.7 7.1% 67.1 63.4 3.2%MDD Europe & APAC 108.6 104.8 -1.4% 422.6 443.1 -3.4%MDD Americas 84.1 87.7 -9.4% 353.8 369.1 -6.2%MDD Other 29.4 25.8 6.2% 107.2 99.4 5.5%MDD Division 222.1 218.3 -3.7% 883.6 911.6 -3.6%IPD Division 17.2 15.1 7.2% 68.4 61.5 8.1%Group 239.3 233.4 -3.0% 952.0 973.1 -2.8% Adjusted Operating Q4 12/13 Q4 11/12 Q4 FY 12/13 FY 11/12 FYProfit/Operating (14 weeks) (13 weeks) Growth (53 weeks) (52 weeks) GrowthMargin £m £m £m £mMDD Europe & APAC 15.9 17.1 -3.3% 62.3 71.0 -7.6% 14.6% 16.3% 14.7% 16.0%MDD Americas 5.5 7.1 -21.4% 25.2 31.3 -20.2% 6.5% 8.1% 7.1% 8.5%MDD Other 3.1 2.6 19.5% 10.6 9.3 14.0% 10.5% 10.1% 9.9% 9.4%MDD Division 24.5 26.8 -5.9% 98.1 111.6 -9.4% 11.0% 12.3% 11.1% 12.2%IPD Division 2.8 2.4 19.5% 11.3 9.5 17.8% 16.3% 15.9% 16.5% 15.4%Head office costs (3.4) (3.7) (13.4) (13.8)Group 23.9 25.5 -3.4% 96.0 107.3 -7.8% 10.0% 10.9% 10.1% 11.0%Notes:

The above current year results have been adjusted to exclude the followingitems:

1. First quarter restructuring costs of £7.5m (£6.9m MDD Europe and AsiaPacific, £0.6m MDD Americas).

2. Second quarter costs relating to the acquisition of Embest of £0.4m (MDDEurope and Asia Pacific).

3. Fourth quarter net one-off accounting gain of £9.2m following the offer tobuy out deferred members from the Group's US defined benefit pension scheme(MDD Americas £6.9m, MDD Other £0.5m, IPD £0.9m, Head Office £0.9m).

4. Fourth quarter restructuring costs of £6.4m (£3.8m MDD Europe and AsiaPacific, £1.0m MDD Americas, £0.1m IPD, £1.5m Head Office).

Results for the Fourth Quarter and Financial Year ended 3 February

2013

Introduction

The fourth quarter was a 14 week accounting period (Q4 2011/12: 13weeks) and the full year was a 53 week accounting period (full year 2011/12:52 weeks).

In the fourth quarter, although year on year Group sales declined3.0%, sales per day were in line with the third quarter with all segmentsshowing sequential growth, other than MDD Americas, despite the impact of thechallenging global electronics market. Latest market data reported by theSemiconductor Industry Association (SIA), an indicator of electronics growthtrends, remains mixed with Europe reporting a decline of 4.9% and the Americasand Asia Pacific reporting growth of 10.5% and 7.8%, respectively, for thethree months ended January 2013.

While we continue to manage gross margin in line with marketconditions, cost actions to drive efficiencies, simplify our organisation andleverage our global capabilities, have enabled us to continue to achieve anindustry leading operating margin and a strong cash performance.

Sales

In the fourth quarter, sales per day declined 3.0% year on year,reflecting the continued challenging market environment. However, on asequential basis, fourth quarter sales per day were flat on the third quarterwith all segments showing sequential growth, other than MDD Americas. For thefull year, Group year on year sales per day declined 2.8%.

MDD Europe and Asia Pacific

Our MDD Europe and Asia Pacific segment reported fourth quartersequential growth of 3.1%, with year on year sales declining 1.4%. Within thissegment, despite the ongoing weakness in its markets, as indicated by theEurozone manufacturing PMIs, our Europe business delivered fourth quartersales growth of 4.8% over the third quarter. Year on year, Europe's fourthquarter sales declined 2.7%, which compares favourably with the third quarteryear on year decline of 4.0%.

In the fourth quarter, the UK grew sequentially by 2.6% on thethird quarter. Year on year the quarter's sales declined 6.6% compared withthe third quarter decline of 7.3%, as we continue to see benefits from oursales initiatives. This compares with the most recent data from theAssociation of Franchised Distributors of Electronic Components (AFDEC) whoreported a decline of 4.8% for the three months ended January 2013.

The Rest of Europe has remained resilient throughout the quarterwith year on year sales down only 0.9% and sequentially up on the thirdquarter by 5.9%, despite Eurozone PMI manufacturing statistics continuing toreport readings well below 50.

Year on year growth returned to Asia Pacific in the fourth quarterwith sales per day up 0.8%, excluding the benefit from the acquisition ofEmbest earlier in the year. This performance reflects strong growth in ouremerging markets including China and India, with sales up 11.5% and 10.2%,respectively. The improved performance in China reflects the benefits of ourcustomer acquisition programme, improving manufacturing PMIs, and also in partthe benefit of customers stocking inventories in advance of the Chinese NewYear celebrations, which took place shortly after the year end. Year on yearsales in ANZ declined 9.0% in the quarter, with manufacturing PMIs in thisregion continuing to be some of the lowest reported across the globe, at 40.2in December. Including sales from Embest, Asia Pacific sales grew 7.1% in thequarter and by 3.2% for the full year.

MDD Americas

MDD Americas sales per day declined 9.4% year on year in the fourthquarter, or 8.8% after adjusting for the impact of Hurricane Sandy at thestart of the quarter. This performance was disappointing in the context ofimproving PMI manufacturing data and better statistics reported by the SIA,although recent results reported by the volume distributors in our sectorclearly reflect continued customer caution as trading was impacted byHurricane Sandy in November and a slowdown in US Federal Government spendingin advance of the fiscal cliff negotiations, which saw sales in this segmentdown 34.2% over the previous quarter. With the overall performance in the Americas below ourexpectations, management focused on initiatives to improve performance throughenhancements to our proposition to customers in targeted segments of the highservice electronics market. We have taken action to improve our marketing andcustomer experience. We are strengthening the management team at our contactcentre as we improve its performance through better quoting processes andincreased telemarketing activity. This combines with the implementation oftargeted sales plans, including online marketing campaigns, to drive customeracquisition and better customer lifecycle management. We continue to developour online proposition in the US, which will be enhanced as we roll out thenew web platform. In addition, we will invest in our inventory proposition toimprove line fill and ensure growth of our active customer base, with £3m ofinventory investment in the first quarter, as part of our wider, strategiccommitment to high service for all our targeted customers globally. With somestabilisation in the marketplace, these actions have helped deliver sequentialsales per day improvements in the Americas in every month since Sandy struckin November.

Other Distribution Businesses

Our Other Distribution Businesses continued to perform stronglywith both CPC and MCM delivering year on year sales per day growth in thefourth quarter, up 4.4% and 11.7%, respectively, leading to full year salesper day growth of 5.5%.

CPC returned to sequential growth of 5.1%, following the slightslowing seen in the third quarter which reflected the post Olympic period.This business continues to grow through web-focused customer acquisition andthe introduction of new products sourced globally. MCM also saw significantsequential growth, up 16.8% over the third quarter. This growth comes from itsenhanced new catalogue and continued collaboration with CPC and initiatives tofocus on the web, targeted product segments and new product introductions.

Raspberry Pi continues to be a highly attractive product forcustomers in all our regions. Sales of £6.8m were achieved in the fourthquarter as we extend our offering of exclusive ancillary products to bothdesign engineering customers, who are using the boards for specificapplications, and to the engineers of tomorrow through our moreconsumer-focused, CPC and MCM businesses. We expect strong demand forRaspberry Pi and our exclusive range of ancillary products to continue acrossthese strategically important customer groups. While this will continue tohave an impact on gross margin, it will provide an ongoing source ofsignificant new customer contacts.

Industrial Products Division

Our Industrial Products Division¸ Akron Brass, continued to performwell, with sales up 7.2% in the fourth quarter, and full year sales growth of8.1%. The business has benefitted from the ongoing development of itsstrategic focus on international markets and new product areas, with 33.7% offourth quarter sales from overseas markets. This strategic progress, combinedwith signs of stabilisation in home US markets, give cause for optimism overthe longer term. Gross Margin Fourth quarter gross margin of 38.0% was in line with ourexpectations as we continue to manage to market conditions and developinitiatives to support customer needs. This reflected a sequential decline of0.3 percentage points on the third quarter, primarily as a result of increasedvolumes of Raspberry Pi sales. Excluding Raspberry Pi, gross margin remainedflat on a sequential basis, demonstrating our continued approach of managinggross margin in line with the market conditions. Year on year, fourth quartergross margin declined 1.1 percentage points, impacted by Raspberry Pi salesand also cautious customer behaviour which has resulted in lower average ordervalues and subsequently higher freight charges as a percentage of sales, withproduct mix weighting towards lower margin sales. Full year gross margin of38.7% compared with 39.6% in the prior year.

Costs and Adjusting Items

For the fourth quarter net operating expenses were 28.0% of salescompared with 28.3% in the prior year at constant exchange rates, with thefull year at 28.6% (2011/12: 28.7% at constant exchange rates). Thisperformance reflects the cost actions put in place over recent quarters as theimpact of inflationary increases were absorbed.

The Group continues to manage its cost base both strategically, aswe continue to simplify our organisation by taking advantage of the regionalresources within our global model and the efficiencies arising from increasedeCommerce activity, and tactically, in response to sales volumes as we focuson optimising business performance. Early in the fourth quarter, we announcedactions to generate annualised cost savings of £4.0m and this was supplementedby additional cost actions later in the quarter that will generate furtherannualised savings of £2.4m. The combination of these cost actions reflected atotal reduction in headcount of 90 which, together with other decisions takenas we continue to re-align our focus on areas of greatest opportunity, driveefficiency of our global operations and optimise our performance, resulted ina combined restructuring cost in the fourth quarter of £6.4m. Offsetting restructuring costs in the quarter was a one-off gain of£9.2m arising from the buyout of the pension rights of deferred members of theGroup's US defined benefit pension plan, which reduced the Group's US pensionliability by a similar amount and which will also reduce the future balancesheet risk from the US Plan.

Operating Profit/Operating Margin

Adjusted operating profit for the fourth quarter was £23.9m(2011/12: £25.5m), a year on year decline of 3.4% or 10.3% after adjusting forthe extra week. For the full year, adjusted operating profit was £96.0m(2011/12: £107.3m) a year on year decline of 7.8% or 9.5% after adjusting forthe extra week. Total operating profit for the fourth quarter was £26.7m,reflecting a net gain from adjusting items of £2.8m (2011/12: £25.5m, noadjusting items), resulting in year on year growth of 8.0%. For the full year,total operating profit was £90.9m, reflecting a net cost from adjusting itemsof £5.1m (2011/12: £123.4m, after reflecting a net gain from adjusting itemsof £16.1m), resulting in a year on year decline of 24.7%. The Group has continued to deliver industry leading operatingmargin throughout the period by focusing on our strategic direction andmanaging gross margins and costs effectively. Despite the ongoing marketweakness this year, the Group delivered full year operating margin of 10.1%,down 0.9 percentage points on the prior year as a result of the lower grossmargin and the impact of operational leverage in the slower sales environment.In the fourth quarter, actions to drive strategic cost efficiencies across theGroup, as well as the benefit of an extra week of trading, helped to maintainoperating margin at 10.0%.

MDD Americas' weaker sales performance resulted in operationalleverage impacting the business' profitability in the fourth quarter.Consequently, operating margin declined by 0.8 percentage points sequentiallyand by 1.6 percentage points year on year, to 6.5%. For the full year MDDAmericas' operating margin was 7.1% (2011/12: 8.5%).

As our sequential sales performance in the Europe and Asia Pacificsegment improved so did its operational leverage, resulting in an increase inoperating margin from 12.9% in the third quarter to 14.6% in the fourthquarter. The strong performance of both our MDD Other and Industrial Productssegments resulted in continued strong operating margin with improvement overthe fourth quarter in the prior year.

Cash Flow/Balance Sheet

Fourth quarter cash conversion(e) of 166.9% (2011/12: 157.3%)improved from 83.6% in the third quarter. The full year conversion at 125.3%(2011/12: 102.7%) reflects ongoing focus on the management of working capital,which reduced by £6.6m. In the fourth quarter net financial liabilities (includingpreference shares) decreased to £229.6m from £243.6m in the prior quarter. Theimpact of exchange rates in the quarter was to increase net financialliabilities by £2.5m, principally in relation to our US$ denominated privateplacement notes.

Net debt to EBITDA of 2.0 at the end of the fourth quarter was inline with our targets.

Premier Farnell's financial position remains robust, with goodliquidity and strong free cash flow. At the quarter end, our headroom on bankborrowings was £178.3m under facilities in place until October 2016. Thisheadroom, combined with our net cash position of £131.6m, continues to givesus a secure funding position.

In June 2013, the Group will repay its $159m 2013 USPP notes asplanned, reducing our future finance costs. Following refinancing of ourrevolving credit facility and issuance of $235m USPP notes in FY12, the Grouphas the facilities in place to undertake this repayment.

Foreign Currency Impact

A one cent movement in the exchange rate between the US dollar andsterling impacts the Group's operating profit by approximately £250,000 perannum, and a one cent movement in the exchange rate between the Euro andsterling impacts the Group's operating profit by approximately £500,000 perannum. There was a detrimental impact on adjusted operating profit for thequarter of £0.8m from the translation of overseas results compared with theprior year. Finance Costs Net finance costs in the fourth quarter were £5.2m (2011/12:£5.2m). Net finance costs in the financial year were £20.3m (2011/12: £18.8m).This comprises net interest payable of £16.0m (2011/12: £14.5m), which wascovered 6.0 times by adjusted operating profit, and a net charge of £4.3m(2011/12: £4.3m) in respect of the Company's convertible preference shares.

Profit Before Tax

Adjusted profit before tax in the fourth quarter was £18.7m(2011/12: £20.3m), a decline of 7.9% on the previous year. Total profit beforetax in the fourth quarter was £21.5m (2011/12: £20.3m), an increase of 5.9% onthe previous year. Adjusted profit before tax for the full year was £75.7m (2011/12:£88.5m), a decline of 14.5% on the previous year. Total profit before tax forthe full year was £70.6m (2011/12: £104.6m), a decline of 32.5% on theprevious year, reflecting the net one off costs of £5.1m in the current yearcompared to a net one off gain of £16.1m in the prior year.

Tax

The effective tax rate of the Group is 28.4% of total profit beforetax after adding back preference dividends charged within finance costs. Theeffective tax rate on adjusted profit before tax is 27.5%, unchanged from theprior year. Earnings Per Share

Adjusted basic earnings per share for the fourth quarter are 3.6p(2011/12: 4.0p). Basic earnings per share after the net impact of adjustingitems are 4.0p (2011/12: 4.0p).

Adjusted earnings per share for the financial year are 14.8p(2011/12: 17.4p). Basic earnings per share after the net impact of adjustingitems are 13.6p (2011/12: 21.2p).

Dividend

The Board is recommending a final dividend of 6.0 pence per share(2011/12: 6.0 pence per share), making a total for the year of 10.4 pence pershare (2011/12: 10.4 pence per share). The final dividend, subject to approvalat the Annual General Meeting on 18 June 2013, is payable on 26 June 2013 toshareholders on the register at 31 May 2013.

Strategy Update

Although global economic and market conditions remain uncertain, wewill continue to implement our strategic vision aimed at meeting our targetedcustomers' needs, differentiated through our multichannel sales strategy andto drive growth in our active customer base, market share and financialperformance. As we seek to optimise our business performance we continuallyassess our strategic progress and look to evolve where appropriate.

We have continued to refine our strategy and have identified areaswhere we can grow faster and optimise efficiency, profitability and cash,based around three core pillars:

1. Focus on customer centric segments of the electronics market:

We will look to ensure our proposition enables us to servicecustomers' varying requirements and win business across the high serviceelectronics market. Customer insight will drive our proposition in every way -from our product offering, through to our interaction with customers andsuppliers - enabling us to leverage the breadth of our complementaryproposition and drive active customer base growth.

2. Provide a differentiating multichannel environment:

By tailoring our relationship with customers in the way theyprefer, whether through traditional field sales, contact centre or ourinnovative online channels which we continue to develop, we provide adifferentiating experience to our customers. As we seek to benefit fromincreased efficiencies as transactional processes move online and becomeautomated, the development of our marketing capability through every channelwill be strengthened, helping to optimise both our operating efficiency andcustomer's high service experience with us.

3. Internationalise our model with focus on the Emerging Markets:

Our international reach and resources gives us local presence,whilst the fragmented marketplace provides scope for significant organicgrowth as we attract customers through our differentiating proposition. Astechnology markets become ever more globalised, our international opportunityincreases as our innovative online proposition provides an interface to aworldwide customer base. We remain committed to building our businessglobally, with particular focus on the fastest growing emerging markets suchas India, China and Eastern Europe.

Strategic Progress

Through the course of the 2012/13 financial year and the fourthquarter we have made good progress as we implement our strategic vision,seeking to optimise our performance and create differentiation for customersin the global marketplace.

A high service customer proposition is at the heart of ourstrategy. We continue to see progress in our customer service metrics, withour Net Promoter Score (our internal customer satisfaction metric) increasingthrough the year while in the fourth quarter our active customer baseincreased by 1.3% year on year, excluding the benefit of Raspberry Pi.

We will continue to improve our customer proposition further andintend to continue to invest in the inventory and systems to support thisstrategic goal. Over the next 12 months, we plan to make incrementalinvestments of circa £20m in inventory to enrich our product offering andsupport a greater number of customers in the high service space, withparticular focus on developing our offering in new product introductions atthe front end of the design cycle. Our systems investment will support theenhanced inventory visibility across our global footprint along with improvedshipment capability, making this inventory investment available to more of ourcustomers. One particularly successful addition to our product offering thisyear is the Raspberry Pi. This product has attracted over 200,000 newcustomers to our proposition this year and sales strengthened further from thethird quarter to £6.8m in the fourth quarter. Aided by our exclusive range ofhigher margin ancillary products, we expect strong demand for Raspberry Pi tocontinue in the year ahead. Customers expect the latest innovations from the global technologyleaders. Just after the year end, the Group signed an extension of ourfranchise agreement with ARM Holdings - the global leader in semiconductor IP- to distribute their portfolio of development tools, software and evaluationboards across Europe, Middle East and Africa, strengthening our existingpartnership in the Americas. This agreement extends our capability to supportcustomers earlier in the design cycle by providing software, services andtechnology solutions. Enhancing our capability in the earliest stages of the electronicsdesign cycle was central to our decision to acquire Embest. In addition, oursoftware business, CadSoft, continues to attract customers to our propositionwith full year sales up 21.1%. Developing our differentiating multichannel sales strategy has madeprogress this year through the opening of our new commercial centre in Krakowand the transition of transactional processes to our more efficient eCommercechannels. Overall, the Group now has 58.0% of its business via eCommerce, withover 75% in Europe. Our vibrant, industry leading and award winning element14Community has had a landmark year, doubling its number of registered users toover 150,000 and, in the fourth quarter, it received over two million visits,adding close to 19,000 new members. This innovative, online offering led toour European business, Farnell element14, being recognised by Tektronix withan award for Excellence in Digital Marketing.

The vibrancy of our online customer interfaces, which include boththe element14 Community and our 48 transactional websites, provides us withvaluable insights into our customer requirements and will help guide ourinvestments in inventory this year.

We will continue to develop our eCommerce offering for ourcustomers, especially in the Americas and Asia Pacific regions where we havethe largest opportunities to increase online penetration. This focus will besupported by our investments in our new global web platform which we will rollout at the end of the first half of this year. The improvements from the newweb platform will help us deliver better customer experience, a strongerfoundation for future developments across our websites and the acceleratedglobal expansion of our business.

Measuring our performance

Reporting our performance to the financial market in a regular wayand against suitable, transparent key performance indicators (KPIs) that allowstakeholders to measure our performance and take a long term view is ofparamount importance to the Group. Reflecting our focus on optimising ouroverall performance, we have therefore refined our KPIs by which we willmeasure our progress in growth, efficiency, profitability and cashflow.

Together, our KPIs underpin our commitment to deliver profitablegrowth and total shareholder returns. Our KPIs are listed below.

Metric KPI Achieved in FY13Growth Active customer growth 4% 1.3% Sales per day growth* 6% -2.8% Emerging market growth 10% 7.5% (including Embest)Efficiency % of MDD sales from 70% 56.8% eCommerce Return on net operating Over 30% 34.6% assetsProfitability Operating margin 10%-12% 10.1%Cash flow Free cash flow as a % of 6% 6.1% sales*\* Through the cycle Risk and Uncertainties The principal risks and uncertainties facing the Group for the yearand the ways in which they are mitigated are largely unchanged since they weredescribed in the Company's 2012 Annual Report and Accounts on pages 62 to 64.Full details of the principal risks and uncertainties facing the Group and theways in which they are mitigated will be given in the 2013 Annual Report andAccounts. Reporting Structure Having consulted with many different stakeholders, the Company willmove from quarterly to half year reporting in the current financial year. Wewill instead produce interim management statements for the first and thirdquarters that we will release in May and November, respectively, and reportfull financial results for a six month period in line with the wider UK marketpractice. We will continue to hold a conference call with Q&A sessions as partof the on-going dialogue with stakeholders at the time of releasing our Q1 andQ3 interim management statements. This press release contains certain forward-looking statementsrelating to the business of the Group and certain of its plans and objectives,including, but not limited to, future capital expenditures, future ordinaryexpenditures and future actions to be taken by the Group in connection withsuch capital and ordinary expenditures, the expected benefits and futureactions to be taken by the Group in respect of certain sales and marketinginitiatives, operating efficiencies and economies of scale. By their natureforward-looking statements involve risk and uncertainty because they relate toevents and depend on circumstances that will occur in the future. Actualexpenditures made and actions taken may differ materially from the Group'sexpectations contained in the forward-looking statements as a result ofvarious factors, many of which are beyond the control of the Group. Thesefactors include, but are not limited to, the implementation of initiativessupporting the Group's strategy, the effect of legislation and regulatoryenactments, recruitment and integration of new personnel, the implementationof cost saving initiatives, continued use and acceptance of e-commerceprograms and systems, implementation of new IT systems, the ability to expandinto new markets and territories, the implementation of new sales andmarketing initiatives, changes in demand for electronic, electrical,electromagnetic and industrial products, rapid changes in distribution ofproducts and customer expectations, the ability to introduce and customers'acceptance of new services, products and product lines, product availability,the impact of competitive pricing, fluctuations in foreign currencies, andchanges in interest rates and overall market conditions, particularly theimpact of changes in worldwide and national economies. The Group does notintend to update the forward-looking statements made herein. Condensed ConsolidatedIncome Statement For the fourth quarter and year ended3 February 2013 2012/13 2011/12 2012/13 2011/12 Fourth Fourth Full Full quarter quarter year year unaudited unaudited unaudited audited Notes £m £m £m £m Continuing operationsRevenue 3 239.3 233.4 952.0 973.1Cost of sales (148.3) (142.2) (583.8) (588.1)Gross profit 91.0 91.2 368.2 385.0Net operating expenses- adjusted operating expenses (67.1) (65.7) (272.2) (277.7)- adjusting items 4 2.8 - (5.1) 16.1Total net operating expenses (64.3) (65.7) (277.3) (261.6)Operating profit- adjusted operating profit 3 23.9 25.5 96.0 107.3- adjusting items 4 2.8 - (5.1) 16.1Total operating profit 3 26.7 25.5 90.9 123.4Finance income 0.1 0.1 0.5 0.1Finance costs- interest payable (4.3) (4.3) (16.5) (14.6)- preference dividends (0.8) (0.8) (3.5) (3.5)- premium on redemption of preferenceshares (0.2) (0.2) (0.8) (0.8)Total finance costs (5.3) (5.3) (20.8) (18.9)Total profit before taxation 21.5 20.3 70.6 104.6Taxation 5 (6.8) (5.8) (21.0) (27.7)Profit for the period attributable toowners of the parent 14.7 14.5 49.6 76.9 Earnings per share 6Basic 4.0p 4.0p 13.6p 21.2pDiluted 4.0p 3.9p 13.5p 20.9p Ordinary dividendsInterim - proposed 4.4p 4.4pFinal - proposed 6.0p 6.0pPaid 10.4p 10.4p Impact on shareholders' funds (£m) 37.9 37.8 Condensed Consolidated Statement ofComprehensive IncomeFor the fourth quarter and year ended3 February 2013 2012/13 2011/12 2012/13 2011/12 Fourth Fourth Full Full quarter quarter year year unaudited unaudited unaudited audited £m £m £m £m Profit for the period 14.7 14.5 49.6 76.9 Net exchange adjustments 3.9 0.5

3.3 0.4Recycling of cumulative translation adjustments ondisposal of subsidiary undertaking

- - - (0.8)Actuarial losses on pensions and other post-retirement obligations (4.1) (1.6)

(16.8) (10.0)Deferred tax credit on actuarial losses on pensionsand other post retirement obligations

1.1 - 4.9 2.5Deferred tax charge on share based payments - (2.3) - (2.3)Net fair value losses on cash flow hedges (3.4) 2.6 (5.4) 2.2Other comprehensive expense for the period (2.5) (0.8)

(14.0) (8.0)

Total comprehensive income for the periodattributable to owners of the parent 12.2 13.7

35.6 68.9

The accompanying notes form an integral part of thisunaudited condensed consolidated financial information.

As at 3 February 2013 3 February 29 January 2013 2012 unaudited audited Notes £m £mASSETSNon-current assetsGoodwill 37.9 34.3Other intangible assets 31.0 26.9Property, plant and equipment 55.1 57.4Deferred tax assets 8.4 10.5Total non-current assets 132.4 129.1 Current assetsInventories 216.4 214.5Financial assets 8 2.2 2.3Trade and other receivables 131.0 139.5Current tax receivable 3.8 1.0Cash and cash equivalents 8 131.6 116.9Total current assets 485.0 474.2 LIABILITIESCurrent liabilitiesFinancial liabilities 8 (107.2) (1.3)Trade and other payables (120.5) (113.4)Current tax payable (10.4) (15.6)Total current liabilities (238.1) (130.3) Net current assets 246.9 343.9 Non-current liabilitiesFinancial liabilities 8 (256.2) (355.0)Retirement and other post-employment benefits (49.9) (43.8)Deferred tax liabilities (5.4) (6.4)Total non-current liabilities (311.5) (405.2) NET ASSETS 67.8 67.8 EQUITYOrdinary shares 18.5 18.5Equity element of preference shares 10.4 10.4Share premium 32.0 31.1Capital redemption reserve 4.4 4.4Hedging reserve (4.0) 1.4Cumulative translation reserve 22.9 19.6Retained earnings (16.4) (17.6)TOTAL EQUITY 67.8 67.8

The accompanying notes form an integral part of thisunaudited condensed consolidated financial information.

Consolidated Statement of changes inEquity

For the year ended 3 February 2013

2012/13 2011/12 Full Full year year unaudited audited £m £m

Total equity at beginning of period 67.8 38.4

Profit for the period 49.6 76.9Other comprehensive expense (14.0) (8.0)Total comprehensive income 35.6 68.9 Transactions with owners:Ordinary dividends paid (37.9) (37.8)

Ordinary share capital subscribed 0.9 2.7Purchase of ordinary shares

- (5.8)Share-based payments 1.4 1.4

Total transactions with owners (35.6) (39.5)

Total equity at end of period 67.8 67.8 Condensed ConsolidatedStatement of Cash Flows For the fourth quarter and yearended 3 February 2013 2012/13 2011/12 2012/13 2011/12 Fourth Fourth Full Full quarter quarter year year

unaudited unaudited unaudited audited

Notes

£m £m £m £m

Cash flows from operating activitiesOperating profit 3 26.7 25.5 90.9 123.4Adjusting items:- net income statement impact 4 (2.8) - 5.1 (16.1)- cash impact (2.3) (1.0) (7.0) (2.2)Non cash impact of adjusting items (5.1) (1.0) (1.9) (18.3)Depreciation and amortisation 4.7 4.5 18.4 18.2Changes in working capital 11.9 10.9 6.6 (13.6)Additional funding for post retirementdefined benefit plans (0.3) (1.0) (2.6) (3.4)Other non-cash movements (0.3) 0.2 1.9 1.7Total cash generated from operations 7 37.6 39.1 113.3 108.0Interest received 0.1 0.1 0.5 0.1Interest paid (6.0) (4.0) (15.0) (11.0)Dividends paid on preference shares (1.7) (1.7) (3.5) (3.5)Taxation paid (5.4) (6.5) (22.4) (26.9)Net cash generated from operatingactivities

24.6 27.0 72.9 66.7

Cash flows from investing activitiesNet (outflow)/inflow from disposal ofbusinesses (net of tax paid) - (1.4) - 23.2Net outflow from purchase of business - - (2.8) -Purchase of property, plant and equipment (3.4) (3.8) (8.5) (9.1)Purchase of intangible assets (computersoftware) (1.9) (1.2) (13.3) (12.6)Net cash (used in)/generated frominvesting activities

(5.3) (6.4) (24.6) 1.5

Cash flows from financing activitiesPurchase of ordinary shares - - - (5.8)Issue of ordinary shares 0.1 - 0.9 2.7New borrowings - 95.5 0.7 174.6Repayment of borrowings - (60.7) - (118.9)Dividends paid to ordinary shareholders - - (37.9) (37.8)Net cash generated from/(used in)financing activities

0.1 34.8 (36.3) 14.8

Net increase in cash, cash equivalentsand bank overdrafts 19.4 55.4 12.0 83.0Cash, cash equivalents and bank overdraftsat beginning of period 108.8 62.8 116.9 33.4Exchange gains/(losses) 3.4 (1.3) 2.7 0.5Cash, cash equivalents and bankoverdrafts at end of period

131.6 116.9 131.6 116.9

Reconciliation of net financial liabilitiesNet financial liabilities at beginning ofperiod (237.1) (262.9)Net increase in cash, cash equivalentsand bank overdrafts 12.0 83.0Increase in debt (0.7) (55.7)Premium on redemption of preference shares (0.8) (0.8)Derivative financial instruments (4.2) 3.2Amortisation of arrangement fees (0.9) (2.1)Exchange movement 2.1 (1.8)Net financial liabilities at end ofperiod 8 (229.6) (237.1)

The accompanying notes form an integral part of thisunaudited condensed consolidated financial information.

Notes 1 Basis of preparationThe unaudited condensed consolidated financial information in this report has beenprepared based on International Financial Reporting Standards (IFRSs), as adopted bythe European Union, and applying the accounting policies disclosed in the Group's 2012Annual Report and Accounts on pages 122 to 125 except as described below.

There are no new standards or amendments to standards that are mandatory for the firsttime in the current financial year which have had a significant impact upon the Group.

This condensed consolidated financial information does not comprise statutory accountswithin the meaning of Section 498 of the Companies Act 2006. Statutory accounts forthe financial yearended 29 January 2012, were approved by the board of directors on 19April 2012 and delivered to the Registrar of Companies. The report of the auditors onthose accounts was unqualified and did not contain any statement under Section 237 ofthe Companies Act 1985. Copies of the Company's Annual Report and Accounts areavailable from Premier Farnell plc, 150 ArmleyRoad, Leeds, LS12 2QQ, England, orfrom the Company's website at www.premierfarnell.com. 2 AcquisitionOn 26 June 2012, the Group completed its acquisition of the entire issued share capitalof Shenzhen Embest Technology Co Ltd (Embest), a leading provider of embeddedsystem development boards and tools, as well as design engineering services. Of the total consideration of £3.4 million, £0.1 million relates to the provisional fairvalue of net assets acquired and £3.3 million relates to goodwill attributable to the futureprofitability of the business. The total consideration includes deferred consideration of£0.8 million dependent on the performance of the acquired business over the next twoyears. In accordance with IFRS 3 Business Combinations, acquisition costs of £0.4 millionhave been charged to administrative expenses and shown as an adjusting item in theconsolidated income statement for the period.Both the trading results of Embest for the period since acquisition, andalso for the period since the start of the financial year had the acquisition takenplace on that date,are not material to the Group's results. 3 Segment information 2012/13 Fourth 2011/12 Fourth quarter unaudited quarter unaudited Before Adjusting items After Before Adjusting items After adjusting items (Note 4) adjusting items adjusting items (Note 4) adjusting items £m £m £m £m £m £m RevenueMarketingandDistributionDivisionAmericas 84.1 - 84.1 87.7 - 87.7Europe andAsia Pacific 108.6 - 108.6 104.8 - 104.8OtherDistributionBusinesses 29.4 - 29.4 25.8 - 25.8TotalMarketingand DistributionDivision 222.1 - 222.1 218.3 - 218.3IndustrialProductsDivision 17.2 - 17.2 15.1 - 15.1 239.3 - 239.3 233.4 - 233.4 OperatingprofitMarketingandDistributionDivisionAmericas 5.5 5.9 11.4 7.1 - 7.1Europe andAsia Pacific 15.9 (3.8) 12.1 17.1 - 17.1OtherDistributionBusinesses 3.1 0.5 3.6 2.6 - 2.6TotalMarketingand DistributionDivision 24.5 2.6 27.1 26.8 - 26.8IndustrialProductsDivision 2.8 0.8 3.6 2.4 - 2.4HeadOfficecosts (3.4) (0.6) (4.0) (3.7) - (3.7) 23.9 2.8 26.7 25.5 - 25.5 2012/13 Full year 2011/12 Full year unaudited audited Before Adjusting items After Before Adjusting items After adjusting items (Note 4) adjusting items adjusting items (Note 4) adjusting items £m £m £m £m £m £m RevenueMarketing andDistributionDivisionAmericas 353.8 - 353.8 369.1 - 369.1Europe and AsiaPacific 422.6 - 422.6 443.1 - 443.1Other DistributionBusinesses 107.2 - 107.2 99.4 - 99.4TotalMarketingand DistributionDivision 883.6 - 883.6 911.6 - 911.6IndustrialProductsDivision 68.4 - 68.4 61.5 - 61.5 952.0 - 952.0 973.1 - 973.1 OperatingprofitMarketingandDistributionDivisionAmericas 25.2 5.3 30.5 31.3 0.8 32.1Europeand AsiaPacific 62.3 (11.1) 51.2 71.0 (2.2) 68.8OtherDistributionBusinesses 10.6 0.5 11.1 9.3 (0.1) 9.2TotalMarketingand DistributionDivision 98.1 (5.3) 92.8 111.6 (1.5) 110.1IndustrialProducts Division 11.3 0.8 12.1 9.5 17.8 27.3HeadOfficecosts (13.4) (0.6) (14.0) (13.8) (0.2) (14.0) 96.0 (5.1) 90.9 107.3 16.1 123.4 3 February 29 January 2013 2012 unaudited audited £m £mSegment assetsMarketing and Distribution DivisionAmericas 146.6 149.9Europe and Asia Pacific 241.1 239.1Other Distribution Businesses 43.5 42.9Total Marketing and Distribution Division 431.2 431.9Industrial Products Division 39.6 39.6Head Office 0.6 1.1Segment assets 471.4 472.6Unallocated assets:Cash and cash equivalents 131.6 116.9Deferred tax assets 8.4 10.5Financial assets 2.2 2.3Current tax receivable 3.8 1.0Total assets 617.4 603.3

The segments shown above are the segments for which summary managementinformation is presented to the Board which is deemed to be the Group's chiefoperating decision maker.

4 Operating profit 2012/13

2011/12 2012/13 2011/12

Statutory operating profit is stated aftercrediting/(charging) the following: Fourth Fourth Full Full quarter quarter year year unaudited unaudited unaudited audited £m £m £m £m - Restructuring costs (6.4) - (13.9) (2.8)- Acquisition costs - - (0.4) - - One-off pension gain (note 9) 9.2 - 9.2 -- Gains on disposal of businesses - -

- 18.9

2.8 -

(5.1) 16.1

Due to their significance and nature, adjusted operating expenses andadjusted operating profit have been disclosed on the face of the incomestatement which exclude the items above.

In the first quarter of 2012/13 the Group incurred £7.5m of restructuringcosts relating primarily to the establishment of a single outbound telesalesand telemarketing centre of excellence for the Group's European markets inKrakow, Poland. In the fourth quarter, the Group incurred furtherrestructuring costs of £6.4m, reflecting a reduction in headcount of 90,together with the impact from other decisions taken to reflect re-alignment offocus on areas of greatest opportunity, drive efficiency of global operationsand optimise performance. 5 TaxationThe taxation charge represents an effective tax rate for the 2012/13financial year on profit before tax, preference dividends and adjusting itemsof 27.5% (2011/12: 27.5% before tax on gains from business disposals).Including adjusting items, the effective rate of tax is 28.4%, reflecting theimpact of deferred tax on the US pension gain.

6 Earnings per share

Basic earnings per share is calculated by dividing the profit attributableto owners of the parent for the period by the weighted average number ofordinary shares in issue during the period, excluding those shares held by thePremier Farnell Executive Trust. For diluted earnings per share, the weightedaverage number of ordinary shares in issue is adjusted to assume issue of alldilutive potential ordinary shares, being those share options and awards witha non-market based performance condition granted to employees where theexercise price is less than the average market price of the Company's ordinaryshares during the period, and those shares with a market based performancecondition based on the current estimate of the number of shares that will vestunder the performance criteria.

Reconciliations of earnings and the weighted average number of ordinary sharesused in the calculations are set out below.

2012/13 2011/12 Fourth quarter unaudited Fourth quarter unaudited Basic per Diluted per Basic per Diluted per Earnings share amount share amount Earnings share amount share amount £m pence pence £m pence penceEarnings pershareProfitattributable toowners of theparent 14.7 4.0 4.0 14.5 4.0 3.9Restructuringcosts 6.4 1.7 1.7 - - -Tax attributable torestructuring costs (1.8) (0.5) (0.5) - - -One-offpension gain (9.2) (2.5) (2.5) - - -Taxattributableto one-off pension gain 3.2 0.9 0.9 - - -Adjustedprofitattributable toowners ofthe parent 13.3 3.6 3.6 14.5 4.0 3.9 Number Number Weightedaveragenumber of shares 365,184,397 363,362,107Dilutive effectof shareoptions 3,093,147 4,257,672Dilutedweightedaverage numberof shares 368,277,544 367,619,779 2012/13 2011/12 Full Year unaudited Full Year audited Basic per Diluted per Basic per Diluted per Earnings share amount share amount

Earnings share amount share amount

£m pence pence £m pence penceEarnings per shareProfit attributable toownersof the parent 49.6 13.6 13.5 76.9 21.2 20.9Restructuringcosts 13.9 3.8 3.8 2.8 0.7 0.7Tax attributable torestructuring costs (3.9) (1.1) (1.1) (0.7) (0.2) (0.2)Acquisition costs 0.4 0.1 0.1 - - -Tax attributable toacquisition costs (0.1) - - - -One-off pension gain (9.2) (2.5) (2.5) - - -Tax attributable to one-offpension gain 3.2 0.9 0.9 - - -Gains on disposal ofbusinesses - - - (18.9) (5.2) (5.1)Tax attributable to gains ondisposal of businesses - - - 3.2 0.9 0.9Adjusted profitattributableto owners of the parent 53.9 14.8 14.7 63.3 17.4 17.2 Number Number Weighted average numberof shares 364,463,224 363,091,496

Dilutive effect of share options 3,019,704 4,952,153Diluted weighted average number ofshares

367,482,928 368,043,649

Adjusted earnings per share has been provided in order to facilitateyear on year comparison.

7 Cash generated from operations

2012/13 2011/12 Full Full year year unaudited audited £m £mContinuing operationsProfit after tax 49.6 76.9Adjustment for:- tax 21.0 27.7- depreciation 8.5 8.7 - amortisation of intangible assets 9.9 9.5- gain on sale of property, plant and equipment (0.1) (0.3)- preference dividends 3.5 3.5- interest income (0.5) (0.1)- interest expense 16.5 14.6 - premium on redemption of preference shares 0.8 0.8- additional funding for post retirement definedbenefit plans (2.6) (3.4)- increase in net pension liability (US definedbenefit plans) 0.6 0.5- increase in other post-retirement obligations - 0.1- share-based payments 1.4 1.4- non cash impact of restructuring costs 6.9 0.6- non cash impact of one-off pension gain

(9.2)

- acquisition costs 0.4 -- gains on disposals of businesses

- (18.9)

Changes in working capital:- (increase)/decrease in inventories (3.4) 2.2- decrease in trade and other receivables 9.0 2.0- increase/(decrease) in trade and otherpayables 1.0 (17.8)Total cash generated from operations 113.3 108.0 8 Net financial liabilities 3 February 29 January 2013 2012 unaudited audited £m £m Cash and cash equivalents 131.6 116.9 Unsecured loans and overdrafts

(296.4) (294.2)Net financial liabilities before preference sharesand derivatives

(164.8) (177.3)Preference shares (62.6) (61.8)Derivative financial instruments (net) (2.2) 2.0Net financial liabilities

(229.6) (237.1)

Net financial liabilities are analysed in the balancesheet as follows: Current assetsCash and cash equivalents 131.6 116.9 Derivative financial instruments 2.2 2.3 133.8 119.2 Current liabilitiesOther loans (1.7) (1.0) 5.9% US dollar Guaranteed Senior Notes payable 2013 (101.1) -Derivative financial instruments (4.4) (0.3) (107.2) (1.3) Non-current liabilitiesBank loans (20.1) (18.9)5.9% US dollar Guaranteed Senior Notes payable2013 - (100.8)3.0% US dollar Guaranteed Senior Notes payable2016 (54.0) (54.0)5.2% US dollar Guaranteed Senior Notes payable2017 (19.1) (19.1)4.4% US dollar Guaranteed Senior Notes payable2018 (37.0) (37.0)4.8% US dollar Guaranteed Senior Notes payable2021 (57.9) (57.8)Other loans (5.5) (5.6)Preference shares (62.6) (61.8) (256.2) (355.0)

At 3 February 2013, the Group's syndicate bank facilities totalled £200million expiring in October 2016. Based on these facilities, the headroom onbank borrowings at 3 February 2013 was £178.3 million.

9 Pension commitmentsDuring the fourth quarter, the Group offered to buy out the pension rightsof the deferred members of its US defined benefit pension plan. As aconsequence, the net pension liability of the US plan was reduced by £9.2m,which has been recorded through the income statement in adjusting items. The valuation of the Group's defined benefit pension schemes in the UK and theUS has been updated at 3 February 2013 on an actuarial basis, applying currentdiscount and inflation rate assumptions and incorporating the market value ofassets at 3 February 2013. The actuarial losses in the full financial year of£16.8 million (£11.9 million net of associated deferred tax) have been takenthrough the statement of other comprehensive income.

10 Exchange rates

The principal average exchange rates used to translate the Group'soverseas profits were as follows:

2012/13 2011/12 2012/13 2011/12 Fourth Fourth Full Full quarter quarter year year US dollar 1.59 1.56 1.59 1.60Euro 1.20 1.18 1.23 1.15 11 Ordinary dividend

The directors are proposing a final dividend in respect of the year ended 3 February

2013, of 6p per share which will absorb £21.9 million of shareholders' funds. As the

final dividend is subject to approval at the Annual General Meeting of the Company, to

be held on 18 June 2013, it has not been provided for at 3 February 2013. Once

approved, the final dividend will be paid on 26 June 2013 to shareholders on the

register of members on 31 May 2013.