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Wilshaw PLC (WSW)

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Thursday 20 September, 2001

Wilshaw PLC

AGM Statement

Wilshaw PLC
20 September 2001

Wilshaw PLC

AGM Statement

At the company's AGM held today Mr Peter Reynolds, the chairman of Wilshaw PLC
('the company' or 'Wilshaw') gave the following update on current trading.

'As previously reported trading in the first half of the current year has been
disappointing due the uncertain economic climate in the UK and US which has
affected our key automotive and mobile phone customers particularly badly.
Although demand from the automotive sector appears to have stabilised, albeit
at a lower level than prior years, the mobile phone sector remains volatile
and difficult to predict with any degree of certainty. Overheads are being
reduced and we are continuing to invest in the development of our range of
soft magnets.'





For further information please contact

Peter Reynolds          020 8332 0690

Chairman

Wilshaw PLC