AGA.L Regulatory News (AGA)

15th November 2013FOR IMMEDIATE RELEASE AGA RANGEMASTER GROUP PLC ("AGA RANGEMASTER") INTERIM MANAGEMENT STATEMENT Sound trading with AGA sales hotting up AGA Rangemaster, the range cooker and kitchen living specialist, today issuesan interim management statement for the period from 1st July 2013. Activity in the Group's markets has started to pick up as expected, with animprovement in the number of housing transactions following on from theacceleration in the levels of mortgage approvals. AGA cooker orders are promising and are now up over 15% so far this year. TheAGA Dual Control launched in July is encouraging existing owners to trade upand, together with the Total Control launched in 2011, now represent over halfof AGA cooker orders since the half year. For the Group as a whole we expect second half revenues to be ahead of lastyear: order intake is currently up around 3% year to date. The transition fromtougher to more normalised markets for our brands is not uniform. Rangemasterorders are just ahead for the year to date, having trailed in the first half.Rayburn and Stanley cast iron cooker sales are down. AGA Marvel sales in NorthAmerica continue to be comfortably ahead of the prior year. Fired Earth ordersare up 4% for the year to date but Grange orders are down. Trend lines suggest a sound performance in 2013 with an improving outlook for2014 as sales and product initiatives come to fruition. For example, our firstshipment of AGA and Rangemaster products for the Chinese market, to be sold incollaboration with Vatti, will be made shortly in preparation for a full launchin the first quarter of 2014. William McGrath, Chief Executive commented: "The improving housing marketcreates a more positive backcloth for the Group and sales trend lines in mostof our operations are encouraging. However, until household goods expenditurestarts growing, it is right to be cautious. AGA sales are a hot spot fueled byour new generation of product and as home moves increase, our products comefront of mind." Enquiries: William McGrath, Chief Executive, AGA Rangemaster - 01926 455731Charlotte Winsley / Laura Jack, Brunswick Group - 020 7404 5959