ROR Rotork Plc

RNS Number:8116K
Rotork PLC
18 May 2000

                                 AGM STATEMENT


The  trading environment for the current year to date has proved  to  be  more
difficult  than expected.  Order intake in the first quarter remained  at  the
subdued  levels experienced in the second half of last year.  However, despite
some  delays,  we  believe  that increased project  activity  should  lead  to
improving levels of order intake for the remainder of the year.

The  weakness  of  the Euro against the pound is a hindrance  to  a  UK  based
exporter  both  within the Euro based market and elsewhere.  To mitigate  this
your company is achieving cost reductions and efficiencies, especially in  the
important  area of component procurement where high quality overseas suppliers
are coming on stream.

The  next generation of our core IQ product, which has been launched and  will
be  produced  from  August, has incorporated a number of  innovative  customer
features while meeting exacting cost targets.  New product development and the
acquisition  of  relevant actuator lines are important activities  to  achieve
growth  and  maximize  the  benefits of our specialised  worldwide  sales  and
marketing  network.  Rotork continues to invest in its international marketing
reach.   The new operation in Shanghai has been set up to allow us  to  expand
our  services and better co-ordinate our selling operations in this  important
marketplace.


Enquiries:

Rotork plc                         01225 733200
Robert Slater, Finance Director

Financial Dynamics                 020 7831 3113
Tom Baldock


END

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