Interim Management Statement

Tex Holdings plc

Tex Holdings plc is today issuing its Interim Management Statement for the third quarter's trading.

The Group trading has continued at the first half levels.

Within the Plastics Division, the trading profit improvement has continued slowly. The leaner management team is responding to the current difficult trading conditions.

Within the Engineering Division, BSP International and Eurotex International continue to be busy, with the orders for the next six months firming up.

Tex Engineering will be closing the year with stronger demand and dispatches. As their products are on short lead times, the future trading levels remain subject to change.

Tex A.T.C. Services have shipped an air traffic control room to Afghanistan and this is due to be erected by the end of the financial year.

Tex Special Projects has recently signed a contract for the supply of the wipers for the bridge windows on the Queen Elizabeth class aircraft carriers.

The Boards and Panels Division performance has stabilised.

Outlook

The Board considers the economic outlook remains difficult.