Result of EGM

Renold PLC
17 March 2000



                    Renold plc ('Renold' or 'the Company')                    
                                                                              
                   Result of Extraordinary General Meeting                    

At an Extraordinary General Meeting of Renold held today, an ordinary
resolution was passed to approve the acquisition by the Company's subsidiary,
Jeffrey Chain Acquisition Company Inc., of all of the outstanding common stock
of Jeffrey Chain Corporation and all of the partnership interests in Jeffrey
Chain LP (together 'Jeffrey Chain').

It is expected that completion of the acquisition of Jeffrey Chain will take
place on Friday, 31 March 2000.


For further information, please contact:


Renold plc
David Cotterill...............................................  0161 437 5221


PricewaterhouseCoopers Corporate Finance
Colin Gillespie...............................................  0161 245 2224


Shandwick International
Ben Padovan...................................................  020 7329 0096