2009 Annual Report

'I have been pleased with the Company’s performance in my first full year as Chairman.

The good profits in 2009 and the Company’s strengthened balance sheet have been achieved against a worsening market backdrop.

Decisive actions by the executive team have established conditions whereby the Company’s position of market leadership will be sustained and a solid future provided for.

Looking ahead we will be able to resume with our growth ambitions when the UK market recovers and our Joint Venture in India realises some of the Indian market’s vast potential.'

Toby Hayward
Chairman

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Severfield-Rowen Plc