Interim Management Statement

Tex Holdings plc

Tex Holdings plc is today issuing its Interim Management Statement for the trading to date.

The Group trading has remained subdued.

Within the Plastics Division, the improved volumes we experienced in the fourth quarter of 2009 have not been maintained and further cost reductions are underway.

Within the Engineering Division, Eurotex International has started the year well as a result of various service projects around the World. Tex Air Traffic Control is also trading satisfactorily whilst BSP International and Tex Engineering are trading below budgeted levels and overheads are being reduced accordingly.

The Boards & Panels Division has lost a major customer and cost reductions are underway.

Outlook

At this stage, the Board does not see any notable improvement in economic activity.