Trading Statement

Dinkie Heel PLC 4 April 2002 Dinkie Heel plc announces today that it is planning to move its production of steel toe caps to a jointly owned factory in Botswana during 2002/3 in order to reduce production costs and improve its competitiveness in world markets. Production of toe caps in the Bristol factory will cease and sadly redundancies are an inevitable consequence of this decision. International marketing and European distribution of toe caps will still take place from Bristol. The Bristol premises will continue to be the distribution centre for the Phillips Rubber products which are now made under licence in South Africa. Certain engineering functions, such as tool-making and mould making, will also be retained in Bristol to support the overseas toe cap and rubber production units. The company's profitable Davies Odell operations in Northamptonshire continue their expansion and diversification away from the footwear industry and are unaffected by these changes. It is expected that the Preliminary Results for 2001 will be published on 3 May 2002. This information is provided by RNS The company news service from the London Stock Exchange

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