P R E L I M I N A R Y R E S U L T S 7 March 2007

£m Revenue Operating profit before exceptional items Operating margin12.6%13.9% Exceptional items(1.0)6.3 Net interest(2.0)(1.8) Profit before tax Earnings per share7.2p11.5p Earnings per share before exceptional items7.6p8.7p Dividend per share4.45p4.4p Financial highlights 2006

Key features  Strong second half volume growth  Subdued UK and US markets  Excellent Cutisin performance  Impact of strong Czech Crown  Higher input costs  Capital expenditure

Sales analysis 2006 Sales change vs Volume2.3% Price / Mix(1.5)% Operations0.8% Foreign Exchange(0.2)% Total0.6%

Regional sales by destination 2006 Sales change vs 2005  Strong performance in Continental Europe  Pressure in the UK market  Adverse impact of Czech Crown £m 2006VolumePrice / MixOperationsExchangeTotal Europe %(3.0)%(0.2)%1.8%1.6%

Regional sales by destination 2006 Sales change vs 2005  Lower volume in domestic US market  Growth in Latin America  Pricing stable  Impact of weaker US$ £m 2006VolumePrice / MixOperationsExchangeTotal Americas % 2.8%(2.2)%0.6%

Regional sales by destination 2006 Sales change vs 2005  Solid performance in Australia / New Zealand  Continued growth in Japan  Strong second half performance in South East Asia  Adverse exchange impact £m 2006VolumePrice / MixOperationsExchangeTotal Asia/Pacific %0.0%2.1%(3.8)%(1.7)%

Regional sales by destination 2006 Sales change vs 2005 Full year, £m 2006VolumePrice / MixOperationsExchangeTotal Europe %(3.0)%(0.2)%1.8%1.6% Americas % 2.8%(2.2)%0.6% Asia/Pacific %0.0%2.1%(3.8)%(1.7)% Total %(1.5)%0.8%(0.2)%0.6%

Income statement 2006 £m Revenue Operating profit before exceptional items Operating margin12.6%13.9% Exceptional items(1.0)6.3 Net interest(2.0)(1.8) Profit before tax Tax(4.7)(7.1) Profit for the year

Earnings and dividend Earnings per share  Basic7.2p11.5p  Diluted7.1p11.4p  Before exceptional items7.6p8.7p Dividend per ordinary share4.45p4.4p

Balance sheet £m Non-current assets Net current assets Non-current liabilities(68.0)(85.6) Share capital and reserves Retained earnings / (losses)2.5(10.0) Net debt(27.0)(17.7) Gearing36.9%28.8%

Cash flow £m Net cash inflow from operating activities Net interest paid(2.0)(1.8) Taxation(5.1)(6.4) Capital expenditure(18.1)(15.3) Sale of land Equity dividend paid(7.2)(6.6) Net cash flow before financing(9.8)5.7 Issue of share capital Exchange(0.2)1.8 (Increase) / decrease in net debt(9.3)7.8 Interest cover