Pre-Close Trading Update

07 March 2011

Fenner PLC ("Fenner")

Pre-Close Trading Statement

We are pleased to confirm that the sharp increase in profitability experienced in the first quarter has been maintained to the half year end in both our Conveyor Belting and Advanced Engineered Products divisions.

First half trading has been characterised by both volume and margin improvements across our principal business units with increasing benefits from our capital investment programmes and improved trading conditions as we ended our second quarter. This has culminated in a significant increase in operating profit compared to the comparable period last year which was still suffering from the impacts of the economic downturn.

The positive operating cash flow performance has resulted in net borrowings finishing in line with our expectations at an estimated £119m (2010 £169.2m).

The integration of our Australian Service expansion (BBV) has proceeded successfully since the acquisition was announced in November last year, and the early indications of a rewarding partnership are encouraging

We expect to report our interim results on 27 April 2011.

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