Trading Statement

Pittards PLC
07 July 2004


                                PITTARDS PLC

                              TRADING STATEMENT


In my statement to shareholders at the AGM on 5 May 2004, I indicated that the
deterioration in trading conditions and the weakness of the US Dollar that had
affected us in the second half of last year, had continued into the early part
of 2004 and that some of our customers had been destocking in response to lower
demand.

As a result, all three of our operating divisions traded at a loss in the first
quarter.  Although a number of our key customers have required increased volumes
from us in the second quarter, the pace of recovery in demand has been slower
than earlier anticipated.  Consequently, the loss we expect to be reporting for
the first half will be in the region of £11/4m.  However, based on our key
customers' forecast requirements, we expect volumes for our manufacturing
divisions to increase in the second half.

We are taking steps to lower our operational gearing by making further
reductions in our cost base, although it is too early to predict accurately if
improved trading and cost efficiencies in the second half will be sufficient to
cover the losses incurred in the first.

We shall be marketing our former factory site in Kinghorn, Fife, which has a
book value of £0.5m, as soon as the outline planning application submitted in
August 2003 is determined.  The application, which is for residential
development on 10 acres of the 25 acre site, is in conformity with the Kirkaldy
Area Local Plan.

The Board will determine its dividend policy for the year as a whole in the
light of both its current trading performance, and its progress with potential
asset disposals.


RC Tomkinson
Chairman


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