KENDAL, UK, September 18, 2018-

James Cropper, the advanced materials and paper products group, provides the following trading update.

Since full year results to 31 March 2018 the strength of the pulp price has continued and it remains above levels forecast by the Group's external specialist and we now expect these higher price levels to continue for the foreseeable future. In this difficult environment, the focus of the James Cropper Paper Division ("Paper") is on improving sales mix whilst seeking to recover margin through calibrated price increases. Nevertheless, the sustained current high pulp price will have a material impact on the division's and the Group's results for the current financial year.

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