AGM Statement

Alumasc Group PLC
18 October 2001


                              THE ALUMASC GROUP plc

                            Chairman's AGM Statement


At the AGM in London this morning for Alumasc, the high specification
engineering and building products Group, the Chairman, John McCall, will state
with regard to current trading and prospects:

'In our statements accompanying the report and accounts for the year ended 30
June 2001, we drew attention to the year closing on a stronger note, which
helped the modest recovery reported for the second half over the very
problematic first six months.

We were also encouraged by the  Group's stronger order books, which gave
grounds for cautious optimism that the recovery would be sustained.

I am pleased to report that trading in the first quarter of the new financial
year has been consistent with this expectation, being ahead of the comparative
period of the previous year in each of our divisions.

Our order books remain firm providing further encouragement that the recovery
will continue.

I will not even attempt to predict the impact of the terrible events of 11
September - and since - on our business other than to comment that, to date,
we have seen no immediate effects in our operations.  However, as with all
businesses at this time, we remain vigilant for signs of economic weakness,
from whatever cause.'


Enquiries



The Alumasc Group plc 01536-383844
 John McCall (Chairman)
 Paul Hooper (Group Managing Director)

Bankside Consultants Limited
 Charles Ponsonby 020-7444 4166