Trading Statement

Avingtrans PLC 02 May 2007 Avingtrans plc ('Avingtrans' or the 'Group') Trading Update Avingtrans plc, the UK based engineering and technology group, today gives an update on trading. The Group has successfully reorganised itself into three divisions: aerospace; medical & research; and industrial products, and the Board continues to believe that such alignment will enable organic growth, synergies and cross selling opportunities. However, certain of the Group's companies in the second half of the financial year to 31 May 2007 have not achieved the sales that the Board was expecting and, as the Group's overheads are relatively fixed, the Board expects the results for the year to 31 May 2007 to be behind its expectations. Stainless Metalcraft (Chatteris) Ltd ('Metalcraft'), the Group company involved in the provision of fabrication services and the specialist machining of large components, has experienced a reduction in order uptake from one of its key medical customers during the second half of the financial year to 31 May 2007. As previously announced, Crown UK Ltd ('Crown'), the Group company specialising in the design and manufacture of roadside camera and railway signalling pole and support fabrication units, tendered to supply its products to three sections of the West Coast Line. Crown is currently completing an order for one section of the West Coast Line but the Board does not expect to receive orders for the remaining two sections prior to 31 May 2007. CH Precision Finishers Ltd ('C&H'), the Group company engaged in the final polishing and specialist finishing on aeroengine turbine blades, compressor blades and vanes for the power generation industries, has experienced supply problems from a third party supplier and has subsequently been unable to carry out its work on its client's products. The Board anticipates that its client's supplier will have dealt with its problems and expects work at C&H to resume to normal levels shortly. The Board is confident that the Group will make progress in the year to 31 May 2008 and the Group's order book remains at record levels. The Group has identified a number of new business opportunities and specifically, the strengthening of the aerospace division continues with the Group company, Sigma Precision Components Ltd, officially opening its facility in April 2007 and has recently achieved AS9100 accreditation. However, the Board believes that the reduction in order uptake experienced by Metalcraft will continue into the year to 31 May 2008 and that following a review of the business operations at the recently acquired B&D Patterns Ltd ('B&D'), the Group company specialising in rigid and flexible pipe assemblies and components for aerospace applications, the Board believes that B&D's operations will not expand in the year to 31 May 2008 as the Board had originally expected. For further information, please contact: Avingtrans plc Tel: 01159 499 020 Ken Baker, Chairman Steve Lawrence, Managing Director KBC Peel Hunt Ltd Tel: 020 7418 8900 David Anderson This information is provided by RNS The company news service from the London Stock Exchange

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