Exercise of Warrants

14 October 2010


                                 API Group plc


                              Exercise of warrants


API  Group  plc  ("API"  or  the  "Company"), the specialist foils and packaging
materials  group, announces that it has  received a request to exercise warrants
at  1p per ordinary share by  Barclays Bank Plc.  Application  has been made for
the  admission  to  trading  on  AIM  of  3,506,336 ordinary  shares of 1p, with
admission expected to take place on 15 October 2010.

The  exercise of these warrants represents 100% of the total warrants granted to
Barclays Bank plc as part of the 3.5 year re-financing arrangements concluded in
November 2009.

Following the admission of these ordinary shares, the Company will have
76,633,062 ordinary shares in issue, of which 3,058,221 (4.0%) are held by the
API Group plc No 2 Employee Benefit Trust.


For further information, please contact:

 API Group plc                          Tel: [phone]

 Andrew Turner, Group Chief Executive

 Chris Smith, Group Finance Director

 Jane Hyndman, Company Secretary



 Grant Thornton Corporate Finance       Tel: [phone]

 Philip Secrett / Colin Aaronson

 Numis Corporate Broking                Tel: [phone]
 James Serjeant







[HUG#1451914]








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Source: API Group PLC via Thomson Reuters ONE