OUTLOOK

In Protection & Defence the level of activity with our core customers is healthy. We remain confident of winning orders in the higher margin Homeland Security and Foreign Military markets at an increasing rate, although the timing of these successes remains difficult to predict. Continued investment in new products, product approvals and additional filter capacity provide the opportunity for further growth.

 

In Dairy, the recovery in the US milk price, success of the European outsourcing and strength of the Milk-Rite brand leave us confident that the progress seen during this period is sustainable and provides a foundation for growth from new products and markets.

Peter  Slabbert                                                                                        Andrew Lewis

Chief Executive                                                                                       Group Finance Director

10 May 2010                                                                                           10 May 2010

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