MNZS.L Regulatory News (MNZS)

JOHN MENZIES PLC INTERIM MANAGEMENT STATEMENT 12 NOVEMBER 2013 John Menzies plc today issues an Interim Management Statement in accordancewith its obligations under Section 4.3 of the Disclosure and Transparency Rulesfor the period from 1 July 2013 and is based on trading results for the fourmonths ended 31 October 2013. Menzies Aviation continues to perform well on a constant currency basis and theoverall outlook remains positive. Ground handling volumes have continued at previously disclosed levels, withlike for like turns up 2% and absolute turns up 9%. Volumes in cargohandling, which represents 26% of the division's operating profit, are also inline with predictions with like for like tonnes down 3% and absolute tonnesdown 14%, reflecting the closure of loss making cargo operations during 2012. The acquisitions of Desacol and Skystar, announced in August 2013, have bothcompleted and are performing well. Contract win momentum has continued, mostnotably with the award of a five year contract to handle Cathay Pacific at fivelocations in Australia and New Zealand. This major contract win helps tounderpin future revenue streams and will balance expected yield pressureforecast into 2014. Within Menzies Distribution poor trading conditions continue to prevail.Magazine and newspaper volumes have tracked at the levels announced at the timeof our Interim Results. However, disappointing returns from ancillary revenues,sticker collections and weaker than forecast seasonal sales within themarketing services business are expected to impact the second half result. Publisher contract renewals continue, although the majority are now complete.This underpins the core business and allows the team to plan positively for thefuture. Finally, there has been no material change to the Group's financialcircumstances since the announcement of the Interim Results in August. However,given the continuation of difficult trading conditions within Distribution, wenow expect the current year results for the Group, at constant currency, to beslightly lower than previously expected. The Group continues to maintain a strong balance sheet, with positive cashgeneration which leaves it well placed to support medium term growth ambitions. Looking ahead, we know our markets; we have experienced management teams andhave a clear strategy to deliver growth. The Board remains confident in theGroup's future and believes it is well placed and appropriately financed todeliver further shareholder value. For further information: Paula Bell, Group Finance Director, John Menzies plc +44 131 459 8018 John Geddes, Group Company Secretary, John Menzies plc +44 131 459 8180

Jonathon Brill/Alex Beagley, FTI Consulting +44 207 831 3113