Interim Management Statement

2 May 2014

Rexam PLC today issues its interim management statement for the period from 1 January 2014.

Overall results are in line with our expectations and our financial position remains unchanged from that at 31 December 2013.

In Western Europe our volumes in standard and specialty cans had a quiet start to the year. In Russia, the business saw some volume growth, but it is still early in the year. Our Africa, Middle East and Asia region saw continued strong growth in India offset by soft trading in Turkey and Egypt. In North America, our specialty cans grew in Q1, and our performance in standard cans was in line with the market. In South America, volumes grew strongly in both standard and specialty cans due to good weather, the timing of Carnival, and in anticipation of the FIFA World Cup.

The sale of the Healthcare business is proceeding according to plan. As previously announced, following the completion of the sale of the Pharmaceutical Devices and Prescription Packaging divisions, £450m of the proceeds will be returned to shareholders.

Graham Chipchase, Rexam's Chief Executive said:

"Overall performance in the quarter was in line with our plans. The strong performance of our South American business helped offset a subdued start to the year in Western Europe. It is still early in the year, however, and it is the busy summer season that traditionally influences our full year results. In 2014, we are facing foreign exchange translation headwinds and metal premiums are at an all time high, but we continue to expect to make further progress on a constant currency basis.

The business is performing well operationally, and we remain committed to managing what we can control and focusing on cash, cost and return on capital employed as we pursue our strategy of balancing growth and returns. "

Enquiries

Investors

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

Media

Jonathan Thornton, Head of Communications, Rexam +44 20 7227 4100

Katharine Wynne, Tulchan Communications +44 20 7353 4200

Martin Robinson, Tulchan Communications +44 20 7353 4200

Rexam PLC will host a conference call for investors and analysts on Friday, 2 May 2014

at 8:00 am (UK time).

Participants dial in number: 

UK Participant dial-in: +44 (0)20 3139 4830 or 0808 237 0030

US Participant dial-in: +1 718 873 9077 or +1 866 928 7517

Participant PIN Code: 61843770#

A replay service will be available until June 1 2014:

UK replay: +44 (0) 20 3426 2807 or 0808 237 0026

US replay: +1 866 535 8030

Replay PIN Code: 646657#

Editors' notes:

Rexam is a leading global beverage can maker. We are business partners to some of the world's most famous and successful consumer brands. Our vision is to be the best beverage can maker in the world. We have 55 can making plants in more than 20 countries and employ around 8,000 people. In 2013 our sales were £3.9 billion.

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. Visit www.rexam.com for further information.