AGM Statement

Renold PLC
22 July 2004


22 July 2004


                                    RENOLD plc


At today's Annual General Meeting of Renold plc, the Chairman Roger Leverton,
made the following statement: -

'The results for 2003/04 were released 6 weeks ago and the remarks I made then
remain appropriate today, i.e. the year ended more positively in terms of order
intake with North America particularly strong. Markets in Europe remain patchy
and, as yet, have not matched the improvement in demand seen in the USA.
Overall, the Group entered the new financial year with a healthier order book;
however concerns remain over commodity prices and exchange rates.'


                                      Ends


Enquiries:

Robert Davies, Chief Executive      0161 498 4500
Steve Mole, Finance Director        0161 498 4500



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