24 January 2006

WYNNSTAY GROUP PLC

Preliminary Results for the year ended 31 October 2006

Based in Wales, Wynnstay manufactures and supplies agricultural products and services for farmers and operates a network of 24 stores providing a wide range of products both for farmers and country dwellers.

Key Points:

• Creditable results against challenging trading conditions
  • H2 improvement, as expected
  • strength of diversified business base reflected in results
• Total turnover of £110.9m
• Pre-tax profit of £2.534m
• Basic earnings per share of 18.08p
• Net assets increased by 10% to £25.26m
• Proposed final dividend of 3.5p per share, making total dividend for the year of 5.25p, up 5% over last year
• Acquisition in August of Glasson Group (Lancaster) Limited for total of £2.4m
  • benefits Group’s three major divisions, Feeds, Arable and Stores
  • expected to be earnings enhancing in current financial year
• Launch of “Just for Pets” stores – exciting new development first store to open in
  • Telford with 2 further stores over new financial year
• Board optimistic for outlook for Group
  • important Spring market still to come

Bernard Harris, Managing Director, commented,

“This year was especially challenging with the commencement of the EU Single Farm Subsidy Payment and rising fuel and power prices. However, as anticipated, we saw an improvement in trading conditions in the second half. Against this backdrop, our results are creditable and reflect the strength of our diversified business base.

Looking forward, the launch of our new ‘Just for Pets’ stores is an exciting development and we anticipate opening our first dedicated pet products store in March 2006 and two further stores by the end of the current financial year. Also, we expect to see the benefits of our acquisition of Glasson to come through over the year.

While the important Spring market is yet to come, the Board is optimistic for the outlook for the Group.”

To view the Complete Preliminary Results Click Here (You will require Adobe Acrobat Reader to view this file, which is available free of charge from www.adobe.co.uk).

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