Total Voting Rights

31 March 2017

Low & Bonar PLC

LEI213800CALFKOEL7N7P10

Total Voting Rights

In accordance with the FCA`s Disclosure and Transparency Rule 5.6.1 the Company announces that its issued share capital as at 31 March 2017 consists of 329,369,565 ordinary shares of 5 pence each ("Ordinary Shares") with voting rights, 154,571,152 deferred shares without voting rights and £100,000 6 per cent first cumulative preference stock, £100,000 6 per cent second cumulative preference stock and £200,000 5.5 per cent third cumulative preference stock (the "Preference Stock"'). Provided that preference dividends remain paid in accordance with the Company's Articles of Association, the Preference Stock does not carry voting rights. The Company does not hold any Ordinary Shares in treasury.

The total number of voting rights in the Company is, therefore 329,369,565.

This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

For further information, please contact:

Low & Bonar PLC

Jeremy Rhodes, Company Secretary 020 7535 3180