AGM Statement

Alumasc Group PLC
16 October 2003


                             THE ALUMASC GROUP PLC

                             Chairman's AGM Statement


At the AGM in London this morning of Alumasc, the high specification engineering
and building products group, the Chairman, John McCall, stated:


"Our last financial year finished on a firm note, with particularly strong
performances from our building products companies in the final quarter.


It is pleasing to be able to recommend an increase in the Alumasc dividend on
the back of the performance of the past year. Another pleasing feature is the
increase in interest which this performance has generated among investors. As a
result, a number of new names have recently appeared on our share register,
representing both institutional and private investor interest.


In recent years, Alumasc has earned the majority of its profits in the second
half year, i.e. the period from January to June. The continuation of this trend
in the way our business is evolving, coupled with reduced spending by our
brewery customers, is expected to make this second half bias somewhat greater in
the current year.


The broad pattern of trading at the end of last year has continued into the
first quarter of the new financial year, with most sections of the building
industry remaining active, and tight conditions prevailing in the engineering
sector. To make further progress in these conditions, we are focusing on greater
investment in sales and marketing resources, and continuation of the performance
improvements achieved during the past two years."


Enquiries:

The The Alumasc Group plc                                        01536-383 844
John McCall (Chairman)
Paul Hooper (Chief Executive)

Bank Bankside Consultants Limited
Charles Ponsonby                                                 020-7444 4166







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