Trading Statement

Treatt PLC
10 April 2008


FOR IMMEDIATE RELEASE

10 April 2008


                             TREATT PLC ('Treatt')

                 TRADING UPDATE - YEAR ENDING 30 SEPTEMBER 2008

                                      AND

                    ACQUISITION OF REMAINING 50% OF EARTHOIL


Trading Update


Treatt PLC (the 'Group'), the manufacturer and supplier of conventional, organic
and ethically-traded ingredients for the flavour, fragrance and cosmetic
industries today provides an update on trading for the year ending 30 September
2008.


The Group's two main operating subsidiaries, R.C. Treatt & Co. Limited and
Treatt USA Inc have performed well in the first half of the financial year, with
both companies respectively achieving record sales in February and March 2008.
Whilst margins have remained under pressure, this has been more than compensated
for by significant sales growth across the broad range of products.


With respect to the Group's joint venture in Earthoil, the results for the first
six months have been disappointing. Treatt's share of Earthoil's pre tax losses
for the five months ended 29 February 2008 totalled £235,000. As is explained
below, the Group has now arranged to take full control of Earthoil.


Prospects for the second half of the financial year are good, with Group order
books at an all-time high with R.C. Treatt's order book up 65% year on year,
whilst Treatt USA has seen an increase of 60% year on year in their order book.


The Group therefore remains on course to meet the Board's expectations for the
year ended 30 September 2008. However, in accordance with IFRS, the Group is
required to carry out a fair value impairment review of Earthoil, and it should
be noted that this statement excludes the potentially material impact of such a
review.


Acquisition of remaining 50% of organic and fair trade joint venture partners,
Earthoil


Treatt plc, one of the world's leading independent ingredients suppliers to the
flavour and fragrance industries, also announces today that it has acquired the
remaining 50% of the issued share capital of each of Earthoil Plantations
Limited and Earthoil Kenya Proprietary EPZ Limited (together known as
'Earthoil'). In February 2007, Treatt acquired 50% of Earthoil in order to enter
into the organic and fair trade markets for essential and vegetable oils for the
flavour and fragrance market where Treatt already has a significant presence, as
well as for the cosmetics industry. The organic market represents a new area for
Treatt with high growth potential. The entire consideration for the remaining
50% is contingent on the future profitability of the Earthoil business and is
payable in 2012, and will be subject to shareholder approval if required.


Financial Information on Earthoil


Previously, under the terms of the February 2007 joint venture, Treatt had an
option to acquire the remaining 50% of Earthoil in 2012. However, the Board has
decided to review its position following disappointing results since
establishment of the joint venture. In the five months ended 29 February 2008,
Treatt's share of Earthoil losses totalled £235,000. Under the previous joint
venture, the Treatt Board was only able to exercise 'non-executive' and
strategic direction over Earthoil with no involvement in the day to day running
of the business. The Board believes that by gaining full control and ownership
of the Earthoil companies, it will be better able to ensure that Earthoil
achieves its potential, both in terms of sales and profitability.


The total aggregated gross assets of the Earthoil companies as at 31 December
2007 were £2.8 million (unaudited). The aggregate (unaudited) losses of the
Earthoil companies for the financial year ended 31 December 2007 were £459,000.


Details on the consideration


The consideration for the acquisition of the remaining 50% of Earthoil is an
earn-out equal to 50% of eleven times the average audited pre-tax profits of the
Earthoil businesses of the two years ending 31 December 2011, capped at £5
million, and subject, if required, to shareholder consent. An advance on the
earn-out of £250,000 is being paid by Treatt on completion which is either
recoverable against the earn-out or, if that is not sufficient, against the loan
stock payable to the original Earthoil shareholders in 2015.


For further information, please contact:

Treatt plc                                   Tel: [phone]
Hugo Bovill, Managing Director
Richard Hope, Finance Director

Investec Bank (UK) Ltd                       Tel: [phone]
James Grace

Or visit:                                    www.treatt.com
                                             ----------------
                                             www.earthoil.com
                                             ------------------



BRIEFING NOTES


About Treatt plc


Treatt is a global supplier of ingredients to the flavour and fragrance
industries. These ingredients are mainly based on essential oils, which are
distilled or blended. Aroma chemicals and a range of TreattaromeTM natural
distillates, manufactured from the named food, are also supplied. Typical
products including a Treatt ingredient could range from air fresheners,
cosmetics, shampoos and soaps to soft drinks, confectionery and basic
pharmaceutical products. Treatt is a world leader in the supply of essential
oils for these uses.


There are hundreds of different essential oils extracted from many different
organic materials. Some examples of common oils are peppermint, lime, lavender,
orange and eucalyptus. Essential oils have been used as flavour, fragrance and
cosmetic ingredients for centuries.


About Earthoil


Established in 2001 and with its headquarters in Lichfield, Staffordshire,
Earthoil is a specialist in its field, growing, manufacturing, sourcing and
trading high quality, organically certified essential oils and vegetables oils
(also known as 'nut' or 'seed' oils) as well as other natural extracts. All
Earthoil's organic products are certified by the Soil Association and other
bodies approved by IFOAM, (the International Federation of Organic Agriculture
Movements), the worldwide body for organic agriculture.


Earthoil grows its own products in plantations in southern Africa and has a
network of well-established relationships with organic farmer groups throughout
the world from whom it purchases products at fair and sustainable prices.
Earthoil is therefore able to offer a broad range of organic essential oils and
vegetable oils, including: tea tree oil, peppermint oil, lemon oil, apricot
kernel oil, sweet almond oil, rosehip oil, cocoa butter and papaya seed oil. It
has operating facilities in both the UK and Kenya, with its manufacturing base
located just outside Nairobi within an Export Processing Zone, which offers
favourable trading terms, including certain tax exemptions.


Earthoil has established a strong, reputable brand name and distributes to
customers requiring 100% organic products in the UK, Europe, the US, Australia
and Asia. Customers include The Body Shop, Aveda and Neal's Yard Remedies.
Currently, its products are principally used by the cosmetics industry.




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