Sale of Burton site completed

Renold PLC
07 January 2008



Renold plc

('Renold' or the 'Company')

Sale of Burton site completed


Renold is pleased to announce that it completed the sale of its Burton on Trent
factory site on Friday 4th January. The purchaser of the site is Morris Homes.

The sale generated £6.4 million of cash before expenses (9.2 pence per share)
which will be used to pay down group debt and consequently there will be a
significant reduction in the balance sheet gearing.

Completion of the sale means that the company's Profit and Cash Enhancement
(PACE) programme for the current financial year which is ahead of schedule will
easily be self financed. The PACE programme is designed to establish 60% of the
Chain business direct labour in low cost countries by the end of 2008/9.

Renold continues to make progress regarding the disposal of its other non core
properties.


Bob Davies, Chief Executive of Renold, commented:

'This is another major milestone in the implementation of the Company's 'PACE'
programme and concludes a six month period in which we reported improved
financial results for the half year to September 2007 and completed the
strategically important acquisition of Hangzhou Shanshui in China. We look
forward to the future with confidence.'


                                  7th January 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



                      This information is provided by RNS
            The company news service from the London Stock Exchange