Disposal of Group's 51% interest in China Joint...

28 January 2011


                                 API Group plc

            Disposal of Group's 51% interest in China Joint Venture


API  Group plc ("API" or  the "Group") is pleased  to announce completion of the
sale  of its interest in Shanghai Shen Yong Stamping Foil Co. Ltd, its 51%-owned
foil manufacturing operation based in Shanghai, China.

The  interest has been  acquired by a  subsidiary of the  Group's former Chinese
partner in the joint venture for a cash consideration, net of disposal costs, of
US$2.8m.
Value obtained from the transaction is in line with the treatment of assets held
for  disposal in  the Interim  Accounts for  the six  months ending 30 September
2010.
A strategic review of the Group's investment in China was announced as part of a
trading  update on 7 May 2010.  On a fully consolidated basis, the unit recorded
operating  losses of  £2.6m and  £2.4m in  the twelve  month periods to 31 March
2009 and  31 March 2010 respectively.  Losses for the six months to 30 September
2010, classified under "Discontinued Operations", amounted to £1.0m.
Proceeds  from the sale will  be used to pay  down the remaining portion of high
interest bearing debt, which forms part of the Group's main UK lending facility.
API  will  continue  to  develop  its  foils  business  in  China, and Asia more
generally, through its trading office in Hong Kong and its distribution partners
located throughout the region.

For further information, please contact:

 API Group plc                          Tel: [phone]

 Andrew Turner, Group Chief Executive

 Chris Smith, Group Finance Director

 Jane Hyndman, Company Secretary


 Cairn Financial Advisers LLP           Tel: [phone]

 Tony Rawlinson / Liam Murray
                                        Tel: [phone]
 Numis Corporate Broking
 James Serjeant








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Source: API Group PLC via Thomson Reuters ONE

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