LONDON, UNITED KINGDOM, October 15, 2014-

Low & Bonar PLC ("the Group"), the international performance materials group with leading positions in niche industrial markets, today issues its interim management statement for the period since 31 May 2014.

As noted in our trading statement on 5 September, the Group experienced a drop in demand across its European civil engineering markets from mid-July. Demand in these markets remains subdued due to the difficult economic climate across Continental Europe, a lull in landfill projects in Germany and geopolitical tensions affecting sales to Eastern Europe. Sales to the civil engineering sector are expected to be 7% down on the second half of last year on a like for like basis and 2% down for the year as a whole. We continue to seek key product certification for the Group's civil engineering joint venture in Saudi Arabia.

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