3rd July 2014
FOR IMMEDIATE RELEASE

AGA RANGEMASTER GROUP PLC ("the Group")

Continued sales growth; launch of AGA City60; good progress expected in 2014

AGA Rangemaster Group plc, the range cooker and kitchen living specialist, is today launching the AGA City60 at its new AGA shop in Spitalfields, London E1 to an invited audience. In advance of the event it is providing a trading update ahead of its interim results for the six months ended 30th June 2014 to be announced on Friday 22nd August 2014.

Good progress for the full year is expected. Group sales and orders have continued to improve although markets remain variable.  May was quiet but June was strong.  The strength of sterling impacts us. A strengthening UK housing market is clearly a positive factor and this has fed through slowly into increases in spending on cookers.

Order intake year-to-date is up around 6% and sales are up close to 4% - the rate of increase in the second half of 2013.  Fired Earth and AGA Marvel in North America saw order intake increases of over 10%.  AGA and Rangemaster orders were up by over 6%. Waterford Stanley and Grange were significantly down.

The Group is investing in products and marketing this year to support its growth plan. The new AGA products - AGA City60 and Dual Control gas - and the Rangemaster 60 are coming to market shortly and will widen our addressable markets.

The AGA City60 is being launched at the opening of the new AGA shop at 38 Spital Square, Bishopsgate, London. It is designed for City living and enables us to cater for different areas of the housing market, including apartments and terraced houses. The AGA City60 is electric and has programmable roasting and simmering ovens; a boiling-come-simmering plate and it is factory-finished with wheels to ease installation - and room venting.  It is priced at £4,995 with credit available, thus offering a more accessible pricing structure to attract a new customer base. The national roll out will follow in September 2014.

William McGrath, Chief Executive, commented: "We are making good progress with our strategic and operational plans for our improving cooker markets.  The AGA City60 is a breakout product reaching a wider customer base and we are focused on taking the opportunities that provides."

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Enquiries:

William McGrath, Chief Executive, AGA Rangemaster Group plc - 01926 455731
Nina Coad / Venetia Hendy, Brunswick Group - 020 7404 5959

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