Interim Management Statement

Renold PLC
26 July 2007

Renold plc
('Renold' or the 'Company')

Interim Management Statement


Renold is pleased to present its first Interim Management Statement for the
period from 1 April 2007, ahead of today's AGM.



Trading is in line with the Board's expectations and the Company's PACE
initiatives are progressing well. Overall orders and sales for the Company for
the first quarter are ahead of the same period last year. Notwithstanding this,
in the USA our chain business has experienced some slowdown and de-stocking
which, coupled with the weaker US Dollar, will suppress returns from this
market.



Operationally, the early indications following last month's acquisition of a 90%
interest in HangZhou ShanShui in China are encouraging. The integration of this
important strategic acquisition is proceeding to plan with revised operating and
management procedures being rapidly adopted. The purchase will boost margins to
a run rate of greater than 10% by 2008/9 and underpins the execution of our PACE
programme.  It also provides a major growth opportunity in the domestic Chinese
market and into other parts of South East Asia.



On 26 June 2007 the Company announced that it had received planning consent for
mixed use development of its Burton upon Trent factory site. The Company
anticipates the disposal of the site will complete during this calendar year,
generating £6.4m of cash before expenses which will be used to pay down Group
debt.



During the period, the actuarial valuation of one of the Company's defined
benefit schemes was concluded. This reported a surplus of £1.9m at 5 April 2006
compared to a deficit of £2.1m reported at 5 April 2003. As a consequence of
this surplus, annual deficit reduction payments of £0.2m have now ceased. The
Company's two larger defined benefit schemes, for which actuarial valuations are
ongoing, have a triennial valuation date of 5 April 2007.



There have been no other significant changes in the position of the Company over
the period since the publication of its report and accounts for the year ended
31 March 2007.



Overall, the Board continues to be satisfied with the progress being made. The
interim results will be announced in November at which point the Board expects
to be able to outline the next stage of Renold's strategic development.




                                                                     26July 2007




Enquiries:

Renold plc                                   0161 498 4500
Bob Davies: Chief Executive
Peter Bream: Finance Director

College Hill                                 020 7457 2020
Matthew Gregorowski
Nicholas Potter


NOTE FOR EDITORS


Renold is a global leader in the manufacture of industrial chains and also
manufactures a range of gears and couplings which are sold throughout the world
to a broad range of original equipment manufacturers and distributors. Its
products are used in a wide variety of industries including manufacturing,
transportation, energy, steel, and mining. Renold has a well deserved reputation
for quality that is recognised worldwide.



Renold has 13 manufacturing plants throughout the world and employs 2,500 staff.
It is currently expanding its geographical footprint by increasing its
manufacturing presence in 'low cost countries'.



Further information about Renold can be found on the website: www.renold.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange