Appointment

Renold PLC
6 April 2001



6 April 2001



                                  RENOLD PLC



                      GROUP CHIEF EXECUTIVE APPOINTMENT



Renold plc, the international power transmission and precision technology
group, announced today that David Cotterill has elected to step down as Group
Chief Executive and to take early retirement. Ian Trotter, currently Chain
Division Managing Director, has been appointed to succeed him with effect from
1 May 2001.



David Cotterill has played an important part in re-shaping the Group in the
face of challenging and rapidly changing market conditions since his
appointment as Group Chief Executive nine years ago. Renold is a much stronger
company as a result. The Board thanks him for what he has achieved and wishes
him a long and happy retirement.



Ian Trotter has been a Director of the Company for ten years and has a wide
understanding of the Company and an outstanding track record in turning around
the Chain Division. He is well equipped to continue the Group's development.



The Renold Board simultaneously confirmed that the Group's results for the
year ended 31 March 2001, scheduled for announcement on 11 June 2001, are
expected to be in the range of £12-£12.5m (1999/2000 £10.2m) much in line with
current analyst pre-exceptional profit forecasts.



For further information, please contact:

Renold plc
Tony Brown, Finance Director                Telephone [phone]

Weber Shandwick Worldwide
Ben Padovan                                 Telephone [phone]