Total Voting Rights

In accordance with Disclosure and Transparency rule 5.6.1, Low & Bonar PLC (the "Company") advises that:

The Company's issued share capital as at 7 November 2012 consists of 290,491,290 ordinary shares with voting rights, 154,571,152 deferred shares without voting rights and £100,000 6 per cent first cumulative preference stock, £100,000 6 per cent second cumulative preference stock and £200,000 5.5 per cent third cumulative preference stock (the "preference stock"'). Provided that preference dividends remain paid in accordance with the Company's Articles of Association, the preference stock does not carry voting rights. The Company does not hold any ordinary shares in treasury.

The total number of voting rights in the Company is, therefore, 290,491,290.

This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under FSA's Disclosure and Transparency Rules.

For further information, please contact:

Low & Bonar PLC

Matthew Joy, Company Secretary 020 7535 3180