Disposal

Renold PLC
06 October 2005


                              Renold plc Disposal



                              Sale of Burton Site


Renold, the precision engineering group, is pleased to announce that, following
the successful restructuring of its manufacturing operations at its Burton upon
Trent site, it has entered into a contract with Morris Homes (East Midlands)
Limited for the sale of the Burton site for gross proceeds (before costs) of at
least £7.7 million with potential up to £8.65 million, payable in cash. The
amount of consideration receivable and completion is conditional upon a ground
and site survey and satisfactory planning permission.

The site consists of some 9 acres of land and the carrying value of the site was
£0.5 million in the balance sheet at 31 March 2005 although the market value on
the introduction of IFRS is £3.5 million. The net proceeds will be used to
reduce Group borrowings.

For further information, please contact:

Renold plc, Robert Davies, Chief Executive - Tel: [phone]
KBC Peel Hunt Ltd, Nick Maslen - Tel: [phone]
Weber Shandwick Square Mile,
Terry Garrett/Stephanie Badjonat - Tel: [phone]



                      This information is provided by RNS
            The company news service from the London Stock Exchange