Wagon PLC
28 March 2008

28 March 2008

                                   Wagon plc

                          Pre Close Trading Statement


Wagon plc the European automotive components group, issues the following update
on trading for its financial year ended 31 March 2008.


Volumes, revenue and operating performance have remained broadly in line with
the Board's expectations at the time of the Interim Management Statement, though
reported pre-tax profits will be impacted by an exceptional transaction cost, as
set out below.


Order intake in the year is expected to be c. 30% above last year, and continued
to strengthen in the second half. In addition to new and replacement contracts
from its existing customer base, Wagon has secured significant contracts with
Iveco, Honeywell, and more recently its first contracts for a number of years
with Porsche.


The Board expects this strong order intake will contribute to Group revenues and
profits from the 2009/10 financial year and onwards.  In the 2008/09 financial
year, however, changes in OEM schedules and model changeovers, together with
general expectations of lower market demand are expected to materially impact
volumes, revenues and margin.


As announced in the Interim Management Statement on 18 February, the Group's
largely euro-denominated debt remains above expectations, with additional
impacts coming from exchange rate factors and a material exceptional transaction
cost relating to the potential acquisition of ISE, a major European automotive
structures producer, which is no longer being progressed.  The Board continues
to pursue several options to improve the Group's debt position.


Wagon's preliminary results will be issued in early June.


                                    - Ends -


For further information contact:

Wagon plc                         0121 770 4030

Jurgen von Heyden, Chief Executive

Richard Cotton, Finance Director



Hogarth Partnership               020 7357 9477

James Longfield

Anthony Arthur


                      This information is provided by RNS
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