TIDMAGA 
 
19th November 2010 
 
FOR IMMEDIATE RELEASE 
 
                 AGA RANGEMASTER GROUP PLC ("AGA RANGEMASTER") 
 
                         INTERIM MANAGEMENT STATEMENT 
 
    RANGEMASTER PERFORMING STRONGLY BUT MARKETS REMAIN TOUGH AND UNCERTAIN 
 
AGA Rangemaster, the specialist in range cookers and kitchen living, today 
issues an interim management statement for the period from 1st July 2010 to 
18th November 2010. 
 
Overview 
 
We have seen the seasonal pick up in activity during the key autumn sales 
period and expect to report results in line with the Board's expectations 
through to the end of 2010. This makes 2010 a year of revenue recovery and a 
beneficiary of cost cutting, tight cash management and product development. 
 
Operational Review 
 
Rangemaster is a successful growing brand and is set to be the principal 
contributor to the Group's performance in 2010, attributable to cooker volumes 
up over 5%; growth in exports to 25% of cooker sales' volumes; and the addition 
of products that complement the cooker. These products account for 30 pence in 
addition to every GBP1 of revenue in the UK from sales of Rangemaster cookers 
themselves. Growing sales of induction cookers, the introduction of the 100 cm 
width model and the success of our Rangemaster Design Centres across the 
country are all key features of the autumn. 
 
AGA has seen volumes up by around 5% this year and the level of new leads 
continues to improve with customers attracted to the warm welcome home the AGA 
provides. However, Rayburn and Stanley volumes have so far declined further - a 
trend we expect to reverse in 2011 as the update of our range of all-in-one 
cooker boilers is completed. These upgraded products tie in with the important 
theme for us of energy management in the home. We have already seen the launch 
of the energy management centre in Kidderminster featuring our industry 
award-winning `Eco Connect' product which manages the energy efficient running 
of heat from solar thermal and wood-burning stoves and Rayburn products. 
 
Sales of stoves this autumn in Ireland are led by our new Irish designed and 
made Cara insert stove, which is 3 times more energy efficient than an open 
fire. Given order levels we expect to achieve record stove volumes in Ireland 
this year in spite of the challenging economic conditions. 
 
Sales in North America have slowed again this autumn after a better first half, 
reflecting the extremely low levels of housing transactions. 
 
Fired Earth's volumes are marginally ahead year-on-year but it is still 
operating at a loss. 
 
We are focusing on the position of the Pension Scheme. Thorough analysis of the 
Scheme to determine how best to provide confidence and security to all parties 
remains a Group priority. On an accounting basis the Scheme was close to 
returning to surplus at the end of October 2010. 
 
"We are encouraged by the performance of our brands - Rangemaster is having 
another successful year and we are pleased to see AGA volumes increasing. We 
continue to strengthen our range cooker portfolio and the product pipeline is 
excellent. Yet tough housing market conditions dictate caution. 
 
Recent research we commissioned shows range cookers are on trend and 
aspirational and for many move the heart of the home from the living room to 
the kitchen. As we are focused on range cookers and kitchen living these trend 
lines provide confidence in our prospects." William McGrath, Chief Executive. 
 
 
For more information visit www.agarangemaster.com 
 
Enquiries: 
 
William McGrath, Chief Executive, AGA Rangemaster - 01926 455731 
Simon Sporborg/Charlotte Kenyon, Brunswick Group  - 020 7404 5959 
 
 
 
END
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