AGM Statement

Michelmersh Brick Holdings PLC (AIM: MBH), the specialist brick manufacturer, announces that at its Annual General Meeting (AGM) which is to be held at 11.00 am today, Tony Morris, Chair Designate, will reference the following statement:

"Since reporting our full-year 2023 results in March, we have continued to experience positive momentum in our order intake, reflecting the benefits of our product portfolio's broad reach and the strong customer loyalty and distributor relationships we have across our end markets.

"We remain mindful of the higher interest rate environment and its impact on demand across the wider construction industry, and as such continue to focus on appropriate portfolio pricing to maintain diversity in our forward order book, which is drawn from social and specification housing, RMI, new build and commercial sectors.

"While delivery schedules have been impacted in the first quarter, as a result of more challenging seasonal conditions, production volumes continue in line with our expectations. With order intake momentum at levels not seen since the end of 2022 driving improved volume and quality of the forward order book, we anticipate increased despatch volumes for the remainder of the financial year, which when combined with the strength of our balance sheet, positions the Company well for delivering full-year expectations."

Pending approval by shareholders at the AGM, the final dividend in respect of the year ended 31 December 2023 of 3.00 pence per ordinary share will be paid on 10 July 2024 to members on the register on 7 June 2024. The ex-dividend date will be 6 June 2024.