Share Ownership Trust

Avon Rubber PLC 13 June 2007 For Immediate Release 13 June 2007 Avon Rubber p.l.c. ('Avon' or the 'Company') Employee Share Ownership Trust Avon Rubber p.l.c. (the 'Company') announces that, the Company has recommended to Towers Perrin Share Plan Services (Guernsey) Limited (the 'Trustee'), the Trustee of the Company's Employee Share Ownership Trust (the 'ESOT'), that it revise the current hedging arrangements in respect of the Company's Performance Share Plan 2002 (the 'Plan'). The ESOT currently holds 666,190 shares in the Company which are being held to hedge potential awards under the Plan. Given the likely vesting profile of these awards the Company has recommended that the Trustee consider disposing of up to 666,190 ordinary shares of £1 each in the Company, at such time as the Trustee sees fit. The original purchase of the shares held by the Trustee was funded by payments from the Company to the Trustee made for the purposes of establishing the hedging arrangement relating to the ESOT. To ensure that there is no prejudice to the beneficiaries of the ESOT, the Trustee will apply the proceeds of any disposal to subscribe for up to 666,191 new ordinary shares of £1 each in the Company. Once the disposal by the Trustee has taken place a formal application for the listing of up to 666,191 ordinary shares of £1 each in the Company will be made to the UK Listing Authority and the London Stock Exchange. The shares are being allotted to trade on the London Stock Exchange and to be admitted to the Official List upon allotment and will be held by the Trustee in order to satisfy awards under the Plan. The total number of ordinary shares subject to awards currently outstanding under the Plan is 812,765 (representing 2.87% of the Company's issued share capital). Options outstanding over shares under the Plan to Directors and persons discharging managerial responsibility are as follows:- T.K.P. Stead - 315,500 P.C. Slabbert - 151,441 Total - 466,941 -Ends- Contact Information: Avon Rubber p.l.c. 01225 896831 Peter Slabbert, Finance Director Weber Shandwick Financial 020 7067 0700 Richard Hews / Rachel Taylor / Hannah Marwood This information is provided by RNS The company news service from the London Stock Exchange
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