Trading Update

De La Rue PLC
16 February 2006



                                DE LA RUE PLC

                        PRE CLOSE PERIOD TRADING UPDATE


Prior to entering the close period for the year ended 25 March 2006 the Board of
De La Rue plc today issues the following trading update:

Trading since the half year has been strong throughout the Group, aided by the
continued benefits of productivity initiatives and the strength of the US
dollar.

Within Security Paper and Print, banknote volumes in the second half have been
stronger than anticipated and levels are now expected to exceed last year. In
addition, favourable customer mix has led to an improvement in margins in both
the banknote and banknote paper activities. The division has also benefited from
ongoing cost reduction and productivity initiatives. Consequently, operating
profits are expected to be ahead of last year.

Cash Systems has continued to benefit from earlier than anticipated progress on
the manufacturing rationalisation programme outlined in December 2004, and the
strength of the US Dollar. However, the first half of 2006/2007 will see the
critical phase in the completion of this programme. Growth in the Original
Equipment Manufacture (mechanisms for ATMs), particularly in the Asian market,
and the Desktop Products businesses has been ahead of our expectations.

Consequently, the Board now expects full year profit before tax, exceptional
items and goodwill to be significantly ahead of 2004/2005 (on a comparable IFRS
basis).

De La Rue anticipates entering the new financial year with good visibility for
the first half in Security Paper and Print. The Board therefore remains
confident of the outlook for 2006/2007.

                                     -ends-

16 February 2006

For further information please contact:

Stephen King           Group Finance Director       [phone]
Mark Fearon            Head of Corporate Affairs    [phone]
Richard Mountain       Financial Dynamics           [phone]


Notes to Editors:

 1. In 2004/2005, IFRS adjusted profit before tax, exceptional items and 
    goodwill from continuing operations was £65.2m

 2. De La Rue will announce its preliminary results on 24 May 2006.

 3. De La Rue is the world's largest commercial security printer and papermaker,
    involved in the production of over 150 national currencies and a wide range
    of security documents such as travellers cheques and vouchers. The Company
    is a leading provider of cash handling equipment and software solutions to
    banks and retailers worldwide, helping them to reduce the cost of handling
    cash. Employing over 6,200 people across 31 countries, De La Rue is also
    pioneering new technologies worldwide in government identity solutions for
    secure passports, identity cards and driver's licences.


For more information visit www.delarue.com




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