AGM Statement

Molins PLC 16 April 2003 16 APRIL 2003 FOR IMMEDIATE RELEASE MOLINS PLC Annual General Meeting At today's AGM, Peter Byrom, Chairman of Molins, said: 'Trading this year is meeting our expectations. 'The continued investment in the Tobacco Machinery businesses and the focus on operational efficiencies have positioned the division well for 2003. Order books are higher than at this time last year and we expect that business levels will grow as a result. The market outlook for Packaging Machinery is less certain, but we remain confident in the ability of our businesses to perform comparatively well in this difficult market. 'We maintain a strong balance sheet and remain committed to further investment in all parts of our business. We believe that the Company will continue its progress through 2003.' Enquiries: Molins PLC Tel: 01908 219000 Peter Byrom, Chairman David Cowen, Group Finance Director Issued by: Citigate Dewe Rogerson Tel: 020 7638 9571 Margaret George This information is provided by RNS The company news service from the London Stock Exchange

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