Completion of Acquisition

FOR IMMEDIATE RELEASE 1 DECEMBER 2005 CHEMRING GROUP PLC COMPLETES ACQUISITION OF COMET GmbH Chemring Group PLC ('Chemring') announces that it has successfully completed its acquisition of Comet GmbH, Pyrotechnik-Apparatebau ('Comet'), having received all necessary regulatory approvals. The acquisition was first announced on 26 July 2005. Comet, based in Bremerhaven, Germany, manufactures and supplies a range of military and marine pyrotechnics. Chemring acquired Comet for a cash consideration of €9.6 million (£6.6 million), subject to an adjustment based on the net assets at completion. David Price, Chief Executive of Chemring, said: 'I am delighted that we have finally completed the acquisition of Comet. Comet will play an important role in the development of our energetics business, and will be a key focus for the rationalisation of our production capabilities in marine and military pyrotechnics.' For further information: Dr David Price Chief Executive, Chemring Group PLC 01489 881880 Paul Rayner Finance Director, Chemring Group PLC 01489 881880 Jonathan Rooper Cardew Group 0207 930 0777
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