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Swallowfield PLC (BAR)

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Thursday 17 May, 2007

Swallowfield PLC

Trading Update

Swallowfield PLC
17 May 2007

Swallowfield plc

                                 Trading Update

Swallowfield plc is pleased to announce an update on current trading and on the
progress of the proposed sale and leaseback of its warehouse facility.

Trading Update:

Trading in the second half of the financial year has been stronger than
expected. Operational efficiencies continue to improve and cost control has
been better than anticipated. At the same time our focus on management of the
margin mix continues and we have been successful in winning a greater share of
higher quality business opportunities.

On the basis of the performance of the last few months and our current order
books, we expect trading for the current financial year to 30 June to be ahead
of current market expectations.

While we remain cautious about the first half of the next financial year, our
recent successes in winning new business give cause for optimism beyond this.

Sale and Leaseback Progress:

In our interim report and accounts of 1 March 2007, we indicated that we had, in
principle, agreed headline terms for the sale and leaseback of our freehold
property at Lowmoor, Wellington. The sale process is taking longer than we
originally expected but it remains our intention to continue to pursue this
activity and we will update shareholders in due course.

Finally, we expect the final results for the year to 30 June 2007 to be
published in the first half of September in accordance with the Company's usual
reporting timetable.

For Further Information:

Swallowfield plc:
Ian Mackinnon, Chief Executive Officer      Tel: +44 (0)1823 662241
Peter Houston, Group Finance Director       Tel: +44 (0)1823 662241

Blue Oar Securities plc:
Barrie Newton                               Tel: +44 (0)1225 424666
Mike Coe                                    Tel: +44 (0)117 933 0020

Swallowfield plc: 'Creating and Delivering Solutions for our Customers' Success'

Notes to Editors:

Swallowfield formulates, manufactures and packages fine quality household goods,
toiletries and cosmetics across the whole spectrum of consumer markets for own
label and brand names.

                      This information is provided by RNS
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