Interim Management Statement

8 April 2010

Low & Bonar

Interim Management Statement

At this morning's AGM of Low & Bonar PLC ("the Group"), the international performance materials group, Chairman Duncan Clegg will make the following statement which also comprises the Group's Interim Management Statement for the period from 1 December 2009 to date:

"The Group continues to trade in line with the Board's expectations.

During the period since the year end sales have continued to improve compared to the prior year, with the transport, carpet and leisure sectors making significant progress. The improvement in these sectors has been partly offset by the impact of the adverse weather conditions on our civil engineering and building products activities. However, these markets did improve towards the end of the first quarter of the financial year.

The Group is therefore confident of making the expected progress during 2010 towards the financial targets that the Group has set."

For further information please contact:

Low & Bonar PLC +44 (0)20 7535 3180

Steve Good, Chief Executive

Kevin Higginson, Finance Director

Hogarth +44 (0)20 7357 9477

Andrew Jaques / Rachel Hirst / Ian Payne

Forward looking statements

This announcement includes statements that are, or may be deemed to be, "forward looking statements". These forward looking statements can be identified by the use of forward looking terminology, including, but not limited to, the terms "believes", "estimates", "anticipates", "expects", "may", "will", "would", "could" or "should" or, in each case, their negative or other variations or comparable terminology. These forward looking statements include matters that are not historical facts.

By their nature, forward looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward looking statements are not guarantees of future performance. The Group's actual results of operations, financial condition and liquidity may differ materially from the impression created by the forward looking statements contained in this announcement. In addition, even if the results of operations, financial condition, and liquidity are consistent with the forward looking statements contained in this announcement, those results or developments may not be indicative of results or developments in subsequent periods. Important factors that could cause these differences include, but are not limited to: changes in the competitive framework in which the Group operates and its ability to retain market share; the Group's ability to generate growth or profitable growth; the Group's ability to generate sufficient cash to service its debt; the Group's ability to control its capital expenditure and other costs; significant changes in exchange rates, interest rates and tax rates; significant technological and market changes; future business combinations or dispositions; and general local and global economic, political, business, and market conditions. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements in this announcement may not occur.

Other than in accordance with their legal or regulatory obligations, the Group does not undertake any obligation to update or revise publicly any forward looking statement, whether as a result of new information, future events or otherwise.