Total Voting Rights

LEI: 213800CALFKOEL7N7P10

2 January 2020

Low & Bonar PLC (the "Company")

Total Voting Rights

In accordance with the FCA's Disclosure and Transparency Rule 5.6.1R the Company announces that its issued share capital as at 31 December 2019 consists of:

689,756,295 ordinary shares of 5 pence each ('Ordinary Shares') with voting rights;

154,571,152 deferred shares without voting rights; 

£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.

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.

Accordingly, the total number of voting rights in the Company is 689,756,295.

This figure may be used by shareholders in the Company 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 the FCA Disclosure and Transparency Rules.

Enquiries:

Matthew Jones

Company Secretary

Tel: 020 7535 3180