Scrip Dividend

James Halstead PLC
30 May 2002



Application has been made to the London Stock Exchange for a total of 166,519
new ordinary shares of 10 pence each fully paid to be admitted to the
Alternative Investment Market. It is expected that the 166,519 new ordinary
shares will be admitted to trading on Friday 31 May 2002.

The reference price for the new ordinary shares to be issued to shareholders
that elected for the scrip dividend alternative for the 2002 interim dividend is
262.8 pence per share. This price has been calculated in accordance with the
terms of the circular to shareholders dated 19 April 2002.


END

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