Directorate Change

Renold plc 8 March 2007

Renold plc is pleased to announce the appointment of David Shearer as Senior Independent Director to the Board, effective 1 May.

David Shearer, aged 47, has been a Non-Executive director of HBOS plc since March 2004. He was previously Senior Partner of Deloitte & Touche for Scotland & Northern Ireland and a UK Board member of Deloitte & Touche. He is also a Non-Executive Director of SMG plc, Aberdeen New Dawn Investment Trust plc and Scottish Financial Enterprise and a Governor and Non-Executive Director of The Glasgow School of Art. He is a qualified chartered accountant.

Matthew Peacock, Chairman of Renold plc, said "The Board is delighted with David’s appointment. His wealth of experience will further strengthen the Board as it seeks to take the Group forward."