Trading Statement

Pittards PLC 11 April 2001 PITTARDS PLC In the preliminary announcement of its results for the year ended 31 December 2000, released on 6 March 2001, Pittards warned that the recent outbreak of foot and mouth disease was affecting its supplies of raw material and as a result the trading outlook would remain unclear until the outbreak was contained. In the intervening period, there have been many more reported cases and the prospects of an early return of raw material supplies to normality seem regrettably low. While demand for the Company's products remains buoyant and turnover to date is ahead of budget, the Company is experiencing a significant increase in costs as a result of the reduced availability of UK hides and sheepskins and of importing raw materials from non-UK sources. As a result the Company expects a substantial reduction in Group profit before tax for the year as a whole compared to last year. For further information, please contact: John Pittard - Group Managing Director John Buckley - Group Financial Director Pittards plc Tel: 01935 474321

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Pittards (PTD)
UK 100

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