Trading Statement

Senior PLC 24 June 2003 24 June 2003 Pre Close Period Statement Trading for the first five months of 2003 was in line with the Board's expectations as set out in the AGM statement of 16 April 2003. Interim results will be announced on 7 August 2003. In the Aerospace Division, whilst sales are lower this year, the first half has benefited from a higher percentage of defence and military work and from operational improvements. The civil aircraft market is still very weak with the SARS outbreak in the Far East adding to the pressure in the industry and we expect demand in this sector to continue to be at a low level for the foreseeable future. However, valuable incremental business continues to be won on Airbus A380 and Joint Strike Fighter and this will help provide a basis for longer term growth in the Division. As anticipated, trading in the Automotive Division has been lower than the previous year. This is primarily due to programmes ending and a slight slowdown in its two main markets - the USA and Europe - where sales of finished vehicles up until the end of May 2003 were down by 3% and 4% respectively. New product development work for diesel engine components is accelerating however, and we expect to win significant new business in this growing sector. In the Industrial Division, markets continue to be weak both in North America and Europe. Negotiations with interested parties are ongoing in respect of the potential disposal of five out of the eight remaining profit centres within this division. The Board expects that the markets for the remainder of the year will continue to be challenging but, with cash generation still a focus, a further reduction in net debt is anticipated for 2003. For further information please contact: Senior plc Graham Menzies, Group Chief Executive 01923 714702 Mark Rollins, Group Finance Director 01923 714738 Finsbury Group Charlotte Hepburne-Scott 020 7251 3801 Gordon Simpson This announcement can be viewed at: www.seniorplc.com Note to Editors: Senior is an international engineering group with annual sales of around £400m and with operations in 12 countries. Senior designs, manufactures and markets high technology components and systems for the principal original equipment producers in the worldwide aerospace, automotive and specialised industrial markets. Senior's policy is to enhance shareholder value by improving operating performance and customer service levels and by developing its market positions in the aerospace and automotive industries. This information is provided by RNS The company news service from the London Stock Exchange FMGFZM

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