Termination of Discussions

Avon Rubber PLC 22 January 2002 22 January, 2002 FOR IMMEDIATE RELEASE Avon Rubber p.l.c. ('Avon Rubber' or the 'Company') Termination of discussions On 26 October 2001, the Directors of Avon Rubber announced that they had received a very preliminary expression of interest that may or may not lead to an offer being made for the Company. The Directors of Avon Rubber announce that discussions that may have led to an offer being made for the Company have now terminated. The Board remains focused on delivering shareholder value and is confident that the disposal programme and cost reduction measures which have been initiated will lead to a continued improvement in operating performance. An update on the current trading performance will be given at the Annual General Meeting to be held on Monday 4 February 2002. • ENDS - Enquiries: Steve Willcox Avon Rubber p.l.c. 01225 861 120 Chief Executive Simon Newton ING Barings Limited 020 7767 1000 Richard Hews Weber Shandwick Square Mile 020 7950 2800 This information is provided by RNS The company news service from the London Stock Exchange
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