Interim Management Statement

For immediate release 22 October 2010

Devro plc

("Devro" or the "Group")

Interim Management Statement

Devro plc, the world's leading manufacturer of collagen products for the food industry, today provides an Interim Management Statement in respect of the period from 1 July 2010 to date.

The Group anticipates that earnings for 2010 will be in line with management expectations.

We are experiencing profitable growth in most of our major markets. Devro sales in developed markets continue to advance, supported by gut conversion, even though the markets have been quieter than H1. Sales have increased strongly in developing countries except, as previously reported, in China.

Average selling prices are higher than the corresponding period last year, and continue to show a positive trend, while foreign currency has made a small positive impact on the result to date. Manufacturing performance is showing improvement, with better yields and line speeds. Overall these factors are contributing to an improvement in our margins.

There is growing demand for collagen casing products internationally. In order to take advantage of this growth, we are making further investments in manufacturing capacity across all our sites, and now expect capital expenditure to be in the region of £30 million this year.

We indicated in our half year report that we were in consultation with our employees and pensioners in the UK to limit future exposure to pension increases. We have now reached agreements with them which will reduce pension liabilities by approximately £19 million or 8% of the Group's gross pension liabilities as at 30th June 2010.

The Group's financial position remains healthy; net debt has been maintained at approximately the level of 30 June 2010 despite increasing capital expenditure.

The Group will report its preliminary results for the year ended 31st December 2010 in February 2011.

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