Interim Management Statement

Renold PLC
13 February 2008

Renold plc

('Renold',the 'Group' or the 'Company')

Interim Management Statement

Renold is today issuing its interim management statement for the third quarter
commencing 1 October 2007.

Trading is progressing in line with the Board's expectations and the Company's
PACE initiatives continue to progress well. Overall orders and sales for the
Company for the third quarter are ahead of the same period last year.

During the third quarter the order book has continued to strengthen; in
particular our US chain business has seen an increase in orders which should
lead to a significant increase in US sales in the final quarter.  Orders from
major distributors serving the Maintenance Repair and Overhaul ('MRO') market
were particularly strong. Since divesting our Automotive and Machine tools
businesses in 2006, MRO sales as a percentage of Group revenues, have grown to
over 50% of total sales (35% pre-disposal). The MRO market provides a
non-cyclical defensive revenue stream.

In addition, during November the Company was awarded a USD 14 million contract
extension to supply couplings and gearboxes to Alstom for the New York Mass
Transit Authority. This contract is phase 2 of a 3 phase schedule and is
expected to be fulfilled over an 18 month period commencing in May 2008. The
Company is bidding for similar supply contracts for Mass Transit applications
and the outcome of the first of these is expected to be known before the
financial year end, 31 March 2008.

Operationally, the integration of the important strategic acquisition in China,
Renold Hangzhou, is proceeding to plan and revised operating and management
procedures being rapidly adopted. Almost £2 million of planned capital
expenditure has been committed since the acquisition in June 2007 with the
objective of doubling the capacity of the facility by March 2008. Output in
December was 30% higher than at the time of acquisition. The purchase is a key
element in the PACE program which is designed to boost margins to a run rate of
greater than 10% by 2008/9.

The PACE initiatives implemented in the current financial year will result in
cost savings for the financial year to 31 March 2009 of £2 million over and
above those achieved in the current financial year.  The Board's outlook for the
business remains strong with little evidence of a slow-down and its future
performance is expected to be principally dependent on operational improvements
which are largely within the Company's control.

The balance sheet was further strengthened on 7 January 2008 when the sale of
the Burton upon Trent factory site to Morris Homes was completed. This sale
realized £6.4 million of cash before expenses which has been used to reduce
Group net debt.

The majority of the GBP / USD and GBP / EUR foreign exchange currency exposure
for the financial year to 31 March 2009 has been hedged in accordance with the
Renold treasury policy.

There have been no other significant changes in the position of the Company over
the period since the publication of its half year statement for the six month
period ended 30 September 2007.

Overall, the Board continues to be satisfied with the progress being made.


                                                              13th February 2008
Enquiries:

Renold plc                                   0161 498 4500
Bob Davies: Chief Executive
Peter Bream: Finance Director

College Hill                                 020 7457 2020
Matthew Gregorowski
Nicholas Potter


NOTE FOR EDITORS

Renold is a global leader in the manufacture of industrial chains and also
manufactures a range of gears and couplings which are sold throughout the world
to a broad range of original equipment manufacturers and distributors. Its
products are used in a wide variety of industries including manufacturing,
transportation, energy, steel, and mining. Renold has a well deserved reputation
for quality that is recognised worldwide.

Renold has 14 manufacturing plants throughout the world and employs 2,500 staff.
It is currently expanding its geographical footprint by increasing its
manufacturing presence in 'low cost countries'.

Further information about Renold can be found on the website: www.renold.com


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