Disposal

4 April 2005 LAWRENCE plc Lawrence sells Blackfast Chemicals Lawrence plc has exchanged contracts to sell the business and assets of Blackfast Chemicals, its metal finishing business, to Blackfast's management. The cash consideration of £1.3 million will be paid on completion, which is expected within the next two months. The disposal is with effect from 31 March 2005. Peter Lawrence, Chairman of Lawrence plc, commented: "This sale reflects our clearly defined strategy of increasing focus on our fast growing animal health and additives businesses. We acquired Blackfast in 1990 and it has grown strongly under our ownership; we wish the management and staff further success in the years ahead." Contacts: Peter Lawrence Chairman, Lawrence plc 020 8336 2900 Anthony Spiro Spiro Financial 020 8949 0428 Philip Davies Charles Stanley & Co 020 7953 2000 Lawrence plc is a leader in the development, manufacture and distribution of principally specialist chemical and pharmaceutical products for the animal health and farming markets worldwide. Our products for these growth markets incorporate natural ingredients to promote well being and sustainability. We achieve our financial goals through the careful and responsible application of science to generate value for our shareholders. Our corporate web site www.lawrenceplc.com includes our press releases together with general information about the company and its subsidiaries. Each subsidiary also has a web site, which gives further information about that business and its products.
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