Trading Statement

Pittards PLC
02 May 2007


                            CHAIRMAN'S AGM STATEMENT


I am pleased to report that we expect to achieve a small operating profit for
the first 4 months of the year.

We are still settling in the substantial changes made in 2006 from the closure
of Leeds, the transfer of products to Yeovil and Taiwan, and the management of
Ethiopia Tannery and there are still significant further benefits to be
achieved.

The extending of our leather market position, using our strong brand, backed by
technical and commercial skills, continues well and extremely rapidly.

This is evident in the newly launched 'Supalite' product for aircraft seating,
which takes us into the premier upholstery sector, with an environmentally
friendly as well as a highly attractive product. Early response has been
excellent.

We are working on extending our management contracts in Ethiopia and other
developing world markets. Opportunities in other forms of skin and hide
processing are also being brought to us for consideration; this recognises and
builds on our leading position in the global leather industry.

However, these very positive developments in operational and commercial areas
are at the moment being overshadowed by the very rapidly weakening dollar. The
changes we have initiated will eventually overcome even this further challenge,
but they will not impact sufficiently quickly to avoid a reduction in
profitability in the second half of the year, which may be significant enough to
lead to the year as whole being in loss.

We will then start to benefit from the changes mentioned earlier, which will
take us back into profit, as our cost reductions and overseas activities begin
to impact positively.

Without closing our Leeds factory and transferring products to lower
manufacturing cost areas, we would not have been able to withstand the current
dollar weakness. While the short term trading position will be challenging, with
the revised structure and improvements we have set in train, the outlook for
2008 looks much brighter.


S D Boyd



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