Placing of Existing Ordinary Shares

Lawrence plc 29 August 2003 Placing of 600,000 existing ordinary shares in Lawrence plc ('Lawrence' or 'the Company') The Company is pleased to announce that Charles Stanley & Co Limited has placed 600,000 existing ordinary shares of 5p each, representing 2.28% of Lawrence's issued share capital, with institutional investors at 255p per share. The shares have been placed on behalf of the Chairman, Peter Lawrence, and his family, to help satisfy continuing institutional demand (the 'Placing'). Following this Placing, Peter Lawrence and his family remains beneficially interested in 9,595,794 ordinary shares, which represents 36.4 per cent of the issued share capital of the Company. Commenting on the Placing, Peter Lawrence, Chairman said: 'I believe the Placing is a positive development for the Company as it improves both the liquidity of the shares and builds upon our existing institutional shareholder base. This is the first time that I, or my immediate family, have sold any of our shareholding in Lawrence and we remain totally committed to its further development. As I reported in my recent Chairman's statement in the results for the year ended 31 March 2003 the Board is confident that Lawrence is at the threshold of a period of significant and exciting growth.' For further information: Lawrence plc 020 8336 2900 Peter Lawrence - Chairman Charles Stanley & Co Limited 020 7953 2482 Richard Thompson Notes to Editors: Lawrence is a leader in the development, manufacture and distribution of principally specialist chemical and pharmaceutical products for the animal health, farming, fish and domestic pet markets worldwide.