Trading Statement

Dinkie Heel PLC
20 December 2002



Dinkie Heel plc confirms that it expects to announce a level of trading loss for
the year to 31 December 2002 higher than current market expectations. The
increased level of loss is due principally to declining margins arising from
global price competition for safety steel toe caps. The company is making
progress with the transfer of the manufacture of these products to Botswana and
this strategy has substantially reduced unit labour costs. It will also release
the freehold and long leasehold premises in Bristol for sale.





Enquiries:



Geoff Martin, Finance Director              0117 961 3163


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