Interim Management Statement

EMBARGOED UNTIL 0700 HOURS, 13 OCTOBER 2010                  

                         INTERIM MANAGEMENT STATEMENT                          

Bodycote is today issuing its interim management statement covering the period
from 1 July to 12 October 2010. The financial and operational data set out
below is in respect of the Group's third quarter (1 July to 30 September 2010)
unless otherwise stated.

CURRENT TRADING

Revenues for the nine months to 30 September 2010, at constant exchange rates,
were 13.3% higher than the same period in 2009. At actual exchange rates,
revenues were 13.0% higher than in the same period last year.

The trends seen in the first half of 2010 have continued with a notable
improvement in revenue during the third quarter compared to the same quarter of
2009. This was in contrast to the trends last year when revenues were still
declining, quarter on quarter. The impact of customer summer holiday shut-downs
in Q3 2010 was less marked than expected.

In Automotive & General Industrial, the Group is still benefitting from much
higher sales to car and light truck customers and during Q3, revenues from
heavy truck businesses have increased strongly, following a slow start to 2010.
Sales to general industrial customers have continued to increase, accelerating
somewhat during Q3.

In Aerospace, Defence & Energy, sales to the aerospace and defence sectors saw
some pick-up towards the end of Q3, as improved requirements for maintenance
and repair added to the modest growth that has been evident throughout 2010
from the OEMs. Industrial gas turbine revenues have stabilised but remain at
low levels. Sales to oil and gas customers continue to be solid.

Group margins have increased, reflecting both higher sales levels and the cost
cutting measures, which took place mainly in 2009.

RESTRUCTURING

Cost savings resulting from the restructuring programme remain in line with the
guidance given at the time of the interim results with an annualised saving of
£44.5m. With the programme largely complete, this level of savings is not
expected to change materially.

FINANCIAL POSITION

The financial position of the Group remains strong. Net borrowing at 30
September was £72.5m, compared to £87.5m at 30 June, reflecting the trading
performance outlined above and normal seasonal cashflows.

OUTLOOK

Looking ahead to the final quarter of the year, we expect sales to remain at a
similar level to that witnessed in recent months, which would lead to second
half revenues being close to those of the first half of 2010. Consequently, the
Board now expects that headline operating profit for the year will be towards
the upper end of the range of analysts' forecasts1

1 Range of analysts' forecasts for full year headline operating profit (
Bloomberg) = £40.0m to £49.0m, with an average of £42.5m.

Investor Conference Call

Stephen Harris and David Landless will be hosting a conference call for
analysts and investors at 0830 hours today (13 October 2010)

Participant's Dial In Number: [phone]

Participants will be asked for names only, no PIN required

For further information, please contact:

Bodycote plc, Stephen Harris, Chief Executive

Bodycote plc, David Landless, Group Finance Director

Tel No [phone]

Financial Dynamics

Jon Simmons, Susanne Yule

Tel No [phone]

The Interim Management Statement, issued in accordance with the EU Disclosure
and Transparency Directive, may contain forward-looking statements which:

  * Have been made by the directors in good faith based on the information
    available to them up to the time of their approval of this statement; and
   
  * Should be treated with caution due to the inherent uncertainities, which
    are beyond the Board's ability to control or estimate precisely and include
    both economic and business risk factors, underlying such forward looking
    information.