DVO.L Regulatory News (DVO)

For immediate release 21 October 2014

Devro plc

(the "Group")

Interim Management Statement

Devro plc, one of the world's leading manufacturers of collagen products for the food industry, today issues the following Interim Management Statement for the period from 1 July 2014 to date.

Trading has continued in line with expectations. The business now has had two quarters of growing sales volumes year on year, most notably in China, Japan and Germany, with demand generally showing signs of improvement. Inventory is reducing as expected.

The major investment projects in China and the USA are both proceeding to plan. The replacement of our existing facility in South Carolina addresses the older plant's continued underperformance; an eighteen month programme of transition to the new manufacturing operations has now commenced. Net debt to fund the two projects is rising in line with our expectations. The first phase of the restructuring of our operations in Scotland has been completed on schedule in August and the second phase will conclude at the end of Q1 2015.

The outlook for the full year remains unchanged.

ENDS

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Notes to Editors

FTSE listed Devro is one of the world's leading providers of collagen casings to the food industry supplying a wide range of products and technical support to manufacturers of sausages, salamis, hams and other cooked meats. The Group employs 2,200 staff across the world and produces its casings from five manufacturing sites based in Scotland, Australia, the Czech Republic and the USA. Devro reported sales of £242.7 million and profit before tax (before exceptional items) of £38.8 million for the year ended 31 December 2013. Devro is a constituent of the FTSE4Good Index Series which recognises that the company's performance meets globally recognised corporate responsibility standards.

Further information on Devro can be found on the company's website: www.devro.com