Interim Management Statement

Interim Management Statement

5 May 2011

Rexam PLC, the global consumer packaging company, today issues its interim management statement for the period from 1 January 2011.

First quarter results for the Group overall are in line with our expectations, and our financial position is largely unchanged from the position at 31 December 2010.

In Beverage Cans, European volumes grew in both standard and specialty cans, with improved volumes in Russia. In North America, as expected, standard can volumes were lower, but specialty cans continued to grow strongly and the business is on track to deliver underlying operating profit in 2011 comparable with 2010. The business in South America continues to grow strongly and the investment plans to increase capacity in the region, including the new Brazilian plant announced last month, are on track and within budget. Overall performance in Beverage Cans is somewhat better than we anticipated at this stage.

In Plastic Packaging, we saw good volume and pricing in Healthcare especially in Prescription Packaging. In Personal Care, good growth in the High Barrier Food container business was more than offset by weakness in Home and Personal Care and Make Up due to soft volumes and input cost inflation. Although it is still early in the year, we are now more cautious on the trading outlook for Plastic Packaging. The process to divest the Closures business is progressing well.

Graham Chipchase, Rexam's Chief Executive said:

"Trading so far this year has been encouraging, and overall performance is comfortably in line with our plans. However, it is still early in the year and the traditionally busy summer season will influence our full year results. Our continued focus on return on capital employed, costs and cash generation gives us confidence of improved performance in 2011."

Enquiries

Investors

Sandra Moura, Head of Investor Relations +44 20 7227 4100

Media

Claire Jenkins, Group Director Corporate Affairs +44 20 7227 4100

Richard Mountain, Financial Dynamics +44 20 7269 7291

Rexam will host a conference call for investors and analysts on Thursday 5 May at 08:00 (UK time).

Participants dial-in number:

UK: +44 (0)20 3140 0820

US: + 1 718 705 7514

A replay service will be available until 19 May, 2011

Dial-in number:

UK: +44 (0)20 3140 0698

UK Toll Free: 0800 368 1890

US Toll Free: +1 877 846 3918

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Notes to Editors

Rexam is a leading global consumer packaging company. We are one of the leading global beverage can makers and a major global player in rigid plastic packaging. We are business partners to some of the world's most famous and successful consumer brands. Our vision is to be the best global consumer packaging company. Rexam's sales from ongoing operations in 2010 were in the region of £5 billion. We have close to100 plants in more than 20 countries and employ around 20,000 people. Rexam is a member of the FTSE 100 and its ordinary shares are listed with the UK Listing Authority and trade on the London Stock Exchange under the symbol REX. For further information, visit www.rexam.com