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Results for 26 weeks ended 2 July 2010

¹ 2009 restated at 2010 average exchange rates
² Adjusted to exclude intangibles amortisation. Reported operating profit, profit before tax and earnings per share were £142.6m (2009: £90.7m); £135.6m (2009: £82.9m) and 45.7p (2009: 28.4p) respectively.
³ 1 January 2010 net debt

HIGHLIGHTS

• Original equipment input up 28%, aftermarket input increased 22%;
• Strong aftermarket contributed 58% of revenues;
• Pre-tax profits up 58% and margins up 5.5pts;
• Strong cashflow resulted in 18% reduction in net debt;
• 25% increase in interim dividend to 6.0p;
• Positive original equipment trends benefited Minerals and SPM;
• Nuclear contract successes in Power & Industrial;
• Increased revenue expectations at SPM;
• Continued confidence in full year 2010 outlook.

Keith Cochrane, Chief Executive, commented:
“Against the background of an uncertain global economic recovery, the Weir Group has again delivered an excellent set of results with all divisions recording profit and margin progression.

Our growth plan is well on track across all our divisions and the strong increase in orders demonstrates our robust business model and ability to respond quickly to the changing economic environment.

Strong trading reinforces our confidence for the remainder of 2010 and we continue to expect profit for the second half of 2010 to be significantly ahead of the prior year in constant currency terms.” .

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