Press release 15 July 2011Abbeycrest plc

(“Abbeycrest” or the "Group”)

Interim Management Statement

Abbeycrest plc (LSE: ACR), a leading international jewellery designer and manufacturer, today provides an update on business performance for the period from

1 March 2011 to 14 July 2011.

Whilst the Group made a satisfactory start to the current financial year, its recovery has been further impeded in recent weeks by difficult trading conditions, including continuing rising precious metal prices and retailer action to protect volumes.

In May 2011, the Board agreed revised and extended facilities with its lenders in the UK and Thailand. However, due to the factors outlined above, the Group now needs to extend these existing facilities further or reduce the Group’s peak working capital funding requirement by approximately £0.7m in October 2011. The Board is currently reviewing the options available to the Group.

For further information, please contact:Abbeycrest plc

Simon Ashton, Executive Chairman

Tel: 0113 397 0864

www.abbeycrest.co.uk

Evolution Securities Limited

Joanne Lake/Casper Kaars

Tel:0113 243 1619

www.evosecurities.com

Rawlings Financial PR Limited

Catriona Valentine

Tel: 01653 618 016

www.rawlingsfinancial.co.uk