Rejection of approach

Pittards Plc

Board rejects approach 

Pittards plc (the Company), the specialist producer of technically advanced leather and luxury leather goods for sale to retailers, manufacturers and distributors, announces that, following discussion with its major shareholders the board has unanimously rejected an unsolicited indicative cash offer to buy the Company on the grounds that the proposed price, while representing a premium to the market price, significantly undervalued the business and its current and future prospects.

Contacts:

Pittards plc www.pittards.com

Stephen Boyd, Chairman +44 (0) 1935 474 321

Reg Hankey, Chief Executive +44 (0) 1935 474 321

Jill Williams, Finance Director +44 (0) 1935 474 321

WH Ireland Limited www.wh-ireland.co.uk

John Wakefield 44 (0) 117 945 3470