TIDMAPI 
 
7(th) May 2010 
                                 API Group plc 
 
                      Trading Update and Notice of Results 
 
 
API Group plc ("API" or the "Group") today provides an update on trading for the 
year  ending 31 March 2010 ahead of the  scheduled announcement of its full year 
results on 3 June 2010. 
 
After  a difficult first half, the Group's  performance in the second six months 
of  the financial year  was ahead of  expectations and the  Board now expects to 
report a positive result, at operating profit level, for the year as a whole. 
 
While  market  conditions  remain  uncertain,  Group  sales  for the second half 
advanced   by   approximately  10% compared  to  the  previous  six  months  and 
profitability in Europe recovered strongly. 
 
Despite higher volumes, limited progress has been made in reducing losses at the 
Group's  51%-owned subsidiary in China.  As a  consequence, the Board of API has 
commenced  a strategic review of  its investment in China  and expects to take a 
non-cash  impairment charge against  fixed assets of  approximately  GBP2.6 million 
(net of minority interest) in the Group's year end accounts. 
 
The  Group continues to  operate well within  its main banking covenants. During 
April  2010, a new, $7.6 million asset-backed  lending facility was completed in 
the US.  Part of the proceeds will be used to pay down higher interest rate debt 
in the UK and to re-balance gearing across the Group's global operations. 
 
 
For further information, please call: 
 API Group plc                          Tel: +44 (0) 1625 650334 
 
 Andrew Turner, Group Chief Executive 
 
 Chris Smith, Group Finance Director 
 
 
 
 Grant Thornton Corporate Finance       Tel: +44 (0)20 7383 5100 
 
 Philip Secrett / Colin Aaronson 
 Numis Corporate Broking                Tel: +44 (0)20 7260 1000 
 James Serjeant 
 
 
 
[HUG#1412699]
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