Trading Statement

Renold PLC
31 January 2005



                                                                 31 January 2005
                                        
                                   Renold PLC
                                        
                                Trading Statement
                                        
Following a weaker than anticipated performance in the period since the interim
announcement, Renold plc ('Renold') advises that profits for the current year
ending 31st March 2005 will be significantly lower than the Board's previous
expectation for the year.

The two influences of increasing raw material price rises and adverse exchange
rates have worsened further and these, coupled with the extra costs in the
Automotive business relating to the supplier quality issue identified in the
interim statement, more than account for this weaker performance. In addition,
although the Lean manufacturing initiatives in the Group have improved direct
labour efficiencies they have produced a reduction in stocks which has also
impacted profits significantly.

Order levels in North America remain good but orders in the UK and Western
Europe have remained flat.

Enquiries:

Renold:
Robert Davies Chief Executive 0161 498 4500
Stephen Mole Finance Director 0161 498 4500

Weber Shandwick Square Mile:
Terry Garrett/ Stephanie Badjonat 0207 067 0700




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