Disposal

Renold PLC
03 August 2006


Renold plc

Disposal of Automotive business

Renold plc is pleased to announce that the sale of certain assets and
liabilities of the Group's Automotive business to Schaeffler KG, which was
announced on 31 July 2006, was completed earlier today.

This is in line with the Board's strategy to focus on the core Industrial Power
Transmission operations, and the proceeds from the divestment will be used to
reduce the level of Group net debt.

Enquiries:     Bob Davies, Chief Executive  ) 0161 498 4500
               Tony Brown, Finance Director )





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