Interim Management Statement

PZ CUSSONS PLC
24 September 2007


26 September 2007

                                 PZ Cussons Plc

                                 (the 'Group')


                          Interim Management Statement


PZ Cussons Plc today issues the following interim management statement which
covers the period 1st June 2007 to 23rd September 2007, in advance of its Annual
General Meeting, to be held at 12 noon today.


Overview of financial position and performance


The Board is pleased to announce that the performance of the Group during the
period has been in line with management expectations. The financial position of
the Group remains strong with cash generation during the period also in line
with expectations.


Regional Reviews


An update of performance and major projects in the Group's main markets of
Nigeria, Indonesia, Australia and the UK is set out below.


Africa


In the Group's main market Nigeria, we are pleased to report that, following the
elections held earlier this year, both the political and economic climate remain
positive. On the political front, the first transition from one democratically
elected government to another has gone smoothly, with a noticeable continuation
of the positive reforms commenced by the previous administration. The economic
position remains strong, supported by the continued high oil price, further
inward foreign investment and importantly a stable currency.


The group continues to invest in its infrastructure and is pleased to announce
that it has now concluded the first part of a major two stage review of its
Nigerian manufacturing facilities, resulting in the approval of an £18m
investment programme. This programme will relocate and modernise the production
facilities for the health and beauty business and also provide additional
logistical and distribution facilities to meet the growing demands of the
successful electrical goods business, operated in conjunction with our Chinese
partner, Haier.


The milk and nutrition joint venture with Glanbia continues to make steady
progress and, whilst milk costs have continued to rise, selling price increases
have been achieved in the quarter. Construction of the current factory extension
continues on schedule with the further capacity due to come on stream at the end
of the calendar year. As previously announced, the scope and design of the
second factory has now been finalised and construction will commence later this
year with completion scheduled for early 2009.


Asia


As announced last year the market for branded detergent products in Australia
became very competitive, as a result of the introduction of private label ranges
by the trade. Whilst the competitive conditions in Australia continue, we have
successfully launched a number of new products in the period which have helped
to contribute to improved brand performance. Margin improvement initiatives that
are already underway will also contribute in the full financial year.


In Indonesia, the extensions to the baby brand that were launched in the second
half of the last financial year are proving successful, and are further
strengthening the brand's number one position in the market.


Europe


Performance of the UK business continues to be strong across the portfolio of
the Imperial Leather, Original Source, Carex, Charles Worthington and Morning
Fresh brands.


The company's number one position in the Personal Wash category has been further
extended through successful variant and range extensions in the first quarter.


The Charles Worthington range continues to perform well following the roll-out
of the brand to the nationwide trade last year. The range was renovated with
exciting new graphics and supported by a nationwide media campaign which has
received a very positive consumer reaction.


As previously announced, the Group is constructing a new, purpose built liquids
factory to provide additional capacity to meet the long-term supply needs of the
UK business. The factory will form part of a 'Personal Wash Centre of
Excellence' for the Group and will incorporate a new Research and Development
Centre and a Fragrance Development Centre. Construction is on schedule with
completion planned for mid 2008. Contracts for the sale of the current factory
site were exchanged in the period.


Finally in the UK, the Group announced proposals to close its final salary
pension arrangements with effect from 31st May 2008, both to protect itself from
rising costs but also as part of a more modern global remuneration structure.


Summary


The overall performance and position of the Group is in line with the board's
expectations at the end of the period and will be further detailed in the
interim financial statements for the six months to 30th November 2007, to be
announced at the end of January 2008.

                                    - Ends -


For further information contact:


PZ Cussons Plc Tel: [phone]

Graham Calder


Hogarth Partnership Limited Tel: [phone]

John Olsen / Sarah MacLeod / Sarah Richardson




                      This information is provided by RNS
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