Interim Management Statement

Interim Management Statement

In accordance with the UK Listing Authority's Disclosure and Transparency rules, Latchways plc presents its interim management statement in respect of the period 1 April 2010 to 13 August 2010 inclusive.

Trading for the year to date is in line with management expectations, and at this point the board expects full year performance to be in line with, or a little ahead of, current market forecasts.

In our results for the year ended 31 March 2010, we highlighted the many opportunities presenting themselves in our export markets, which were helping to offset the tough trading conditions in the UK Construction market. We have seen a stabilisation in UK revenues, but we remain of the view that our UK markets will be subdued for some time to come. Our export revenues have continued to strengthen, with particularly encouraging trading in North America and some of our emerging geographical markets. This is in part due to the gathering momentum of our Self Retracting Lifeline product range, which has proven itself a worthy addition to the Latchways product portfolio.

We continue to add to our long term prospect list, and are in the process of strengthening our sales team to capitalise on these opportunities.

Our balance sheet remains strong, with the net cash position being further enhanced since the year end.

Enquiries: Latchways plc Tel: 01380 732700

David Hearson, Chief Executive

Rex Orton, Financial Director

Threadneedle Communications Tel: 020 7653 9858

Terry Garrett/Josh Royston