Placing of Existing Ordinary Shares

Lawrence plc

29 August 2003

          Placing of 600,000 existing ordinary shares in Lawrence plc          

                         ('Lawrence' or 'the Company')                         

The Company is pleased to announce that Charles Stanley & Co Limited has placed
600,000 existing ordinary shares of 5p each, representing 2.28% of Lawrence's
issued share capital, with institutional investors at 255p per share.  The
shares have been placed on behalf of the Chairman, Peter Lawrence, and his
family, to help satisfy continuing institutional demand (the 'Placing').

Following this Placing, Peter Lawrence and his family remains beneficially
interested in 9,595,794 ordinary shares, which represents 36.4 per cent of the
issued share capital of the Company.

Commenting on the Placing, Peter Lawrence, Chairman said:

'I believe the Placing is a positive development for the Company as it improves
both the liquidity of the shares and builds upon our existing institutional
shareholder base.  This is the first time that I, or my immediate family, have
sold any of our shareholding in Lawrence and we remain totally committed to its
further development.

As I reported in my recent Chairman's statement in the results for the year
ended 31 March 2003 the Board is confident that Lawrence is at the threshold of
a period of significant and exciting growth.'

For further information:

Lawrence
plc                                                                                     
020 8336 2900

Peter Lawrence - Chairman

Charles Stanley & Co
Limited                                                            020 7953
2482

Richard Thompson

Notes to Editors:

Lawrence is a leader in the development, manufacture and distribution of
principally specialist chemical and pharmaceutical products for the animal
health, farming, fish and domestic pet markets worldwide.