Interim Management Statement

18 July 2011

Fenner PLC ("Fenner")

Interim Management Statement

Fenner PLC today issues an update of events since its half year results which were released on 27 April 2011.

Trading across the Group in the third quarter of the financial year has been strong with continuing growth in both the Conveyor Belting and Advanced Engineered Products divisions. During this period, revenue has increased significantly over the comparable period of the previous year at constant exchange rates.

In the Conveyor Belting division, demand patterns from the coal sector have been robust with end users placing orders to secure forward supplies. A continued recovery was evident in industrial markets which added volume to plant throughput. We have experienced a period of rising input costs in an environment of escalating raw material prices which has necessitated selling price adjustments. Margins have been maintained ahead of those of the prior year.

On 4 July 2011 we announced the acquisition of Statewide Belting Services Pty Ltd. Based in Burnie, Tasmania, the business specialises in the provision of belting products, accessories and installation services to the mining and manufacturing industries in Tasmania. This acquisition extends the geographic coverage of our Australian service network.

The Advanced Engineered Products businesses have made excellent progress. Demand for our niche critical application product offerings has been extremely strong. Our seals business has continued to experience high demand from the oil and gas and general hydraulic sectors. The integration of Multiseals in Singapore, which was acquired in April 2011, is progressing well with satisfactory trading in the short period of ownership. The Precision Polymers business had a solid third quarter of trading, well ahead of the comparable period in the previous year, underpinned by economic recovery and growth in new markets. Our Medical business continued to flourish from new organic investment and the development of incremental revenue streams.

Whilst the Group's borrowings remain in line with our expectations we anticipate increasing our rate of organic investment across a range of development opportunities.

On 27 May 2011 we announced a placing of US$ 200 million of private placement loan notes with maturities of 10 and 12 years at an average coupon of 5.3%. These notes have enabled us to further expand our funding sources and extend our debt maturity profile.

With trading results comfortably meeting our expectations, we remain confident in the outlook for the remainder of the current year.

Certain statements contained in this document constitute forward-looking statements. Such forward-looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of Fenner, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such statements.

- ends -

For further information please contact: