Interim Management Statement

Molins PLC 25 April 2008 MOLINS PLC Interim Management Statement - Quarter 1 2008 Molins PLC, the international specialist engineering group, is holding its Annual General Meeting today. This statement is its first Interim Management Statement, issued in accordance with the UK Listing Authority's Disclosure and Transparency Rules and relates to the period from 1 January 2008, the start of the Company's financial year. Sales in the first quarter of the year were in line with internal plans and overall were marginally ahead of the equivalent period in the prior year. The operating performance of the Group broadly matched the board's expectations in the first quarter. However, within the Packaging Machinery division the uncertain economic conditions in North America and Europe are resulting in weakness in short and medium term order prospects. Also, Arista Laboratories, part of the Scientific Services division, has recently been informed by a major customer of its decision to in-source part of its testing programme in order to utilise better its own internal laboratory. This will impact Arista's performance in the year, although we still expect the business to perform more strongly than in the previous year. Medium term prospects in this business remain positive, in particular in view of prospective legislation in the United States. The financial position of the Group is broadly comparable with that at 31 December 2007. The balance sheet includes the valuation of the UK defined benefit scheme, which is by its nature prone to potentially quite large changes, dependant on factors outside the control of the Company. As expected and in line with the usual cash flow pattern of the Group, net debt has increased in the period since the year end. At 31 March 2008 net debt was £9.4m (31 December 2007: £7.6m). The Company posted a circular to shareholders on 29 February 2008, seeking approval for the grant of an option to e-shelter facility services GmbH to purchase the Saunderton site on or before 3 October 2008 for a cash consideration of £17.5m. Shareholder approval for this option was obtained at a general meeting of the Company on 18 March 2008. The Company and e-shelter together made a planning application for the development of the site on 18 March 2008. Enquiries: Molins PLC Issued by: Citigate Dewe Rogerson Tel: 01908 219000 Tel: 020 7638 9571 Dick Hunter, Chief Executive Sara Batchelor, Angharad Couch David Cowen, Group Finance Director This information is provided by RNS The company news service from the London Stock Exchange

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