Disposal

Renold PLC
19 May 2003


                                   Renold plc


   Sale of Former Jones & Shipman Factory Site at Leicester for £5.2 million





Renold plc, the precision engineering group, is pleased to announce that the
sale of its former Jones & Shipman factory site in Leicester to Morris Homes has
become unconditional and proceeds are expected by the end of May 2003.


The net proceeds of the sale, £5.2m in cash, will be used to pay down Company
borrowings. The carrying value of the site was £2.3m in the balance sheet at 29
March 2003.


As recently stated, Renold's preliminary results for the year to 29 March 2003
will be announced on Monday, 9 June 2003.






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