Kingspan Group Plc Trading Update

Insulated Panels sales increased by 29% in the first nine months and by
13% in the third quarter. Underlying sales were up 23% year to date and
up 7% in the third quarter. Global sales volumes in the third quarter
were expectedly sluggish reflecting the slowdown in order placement
flagged mid-year. Undoubtedly, a factor has been expectations
around raw material pricing with some pick up in order placement post
the summer period.

Insulation sales in the first nine months were up 48% and up 20% in the
third quarter. Underlying sales were up 12% year to date and by 8% in
the third quarter. The sales growth experienced in the third quarter was
price led reflecting input inflation with rigid board volumes soft overall
with decreased residential activity a factor.

Looking ahead
A feature of the current environment is the lack of visibility beyond the
next short period of months. Sentiment is cautious for the most part
although not uniformly so. The sharp increases we have seen in raw
material prices over the last eighteen months appear to have peaked,
at least for now