Result of EGM

Avingtrans PLC
28 June 2002



                         AVINGTRANS PLC (the 'Company')

                                 Results of EGM


Avingtrans plc is pleased to announce that all the resolutions set out in the
admission document sent to shareholders on 31 May 2002 and proposed at the EGM
held earlier today were passed.

As a consequence, the Company has completed the acquisition of the Jena Group of
companies (comprising Jenaer Gewindetechnik GmbH, Jena-Tec Inc., Jena Rotary
Technology Ltd and C&H Precision Finishers Limited) from Ferraris Group plc for
a cash consideration of £3.0 million.

As part of the transaction Ken Baker has been appointed Chairman of the Company
and Steven Lawrence has been appointed as a director of the Company.

In conjunction with this transaction the Company is pleased to announce that Ken
Baker and Steven Lawrence have subscribed for 545,455 and 181,818 shares
respectively in the Company at 55p per share.  Under a separate agreement, they
have also been granted 1,040,000 and 560,000 warrants respectively to subscribe
for ordinary shares in the Company at a price of 50p per share vesting over 4
years.

The 6,322,531 existing ordinary shares and the 727,273 new shares issued
pursuant to the subscription by Ken Baker and Steven Lawrence will be admitted
to trading on AiM on Monday 1 July 2002.



Ken Baker, the new Chairman of the Company, commented,

'Avingtrans is once more an operating company.  As a result of the acquisition
of the Jena Group, there are a number of opportunities for profitable growth.
We welcome Steve Lawrence to the board and, with his help, look forward to
growing the business organically and through further acquisitions.'

Jeremy Hamer, Non-Executive Director of the Company said,

'I am very pleased that these resolutions have now been passed.  The acquisition
of the Jena Group is an exciting development for the Company.  After a prolonged
search for suitable businesses for Avingtrans, the Jena Group fulfils the
exacting criteria we set ourselves.  I am especially pleased that our confidence
in the business has been reflected by the Jena existing management's decision to
invest in the Company.'



For further information contact:

Avingtrans plc
Jeremy Hamer                               020 7408 9408

Bridgewell Corporate Finance
Greg Aldridge, Director                    020 7003 3102


Notes to editor

The Jena Group consists of four companies operating in the precision engineering
sector in Germany, the US and the UK.  The Jena Companies specialise in the
manufacture, repair and maintenance of ballscrew actuators.  Ballscrew actuators
are precision components critical to the operation of computer controlled (CNC)
machinery and precision instruments where reliability and positional accuracy,
combined with precision controlled movement is required.

C&H Precision Finishers Limited carries out the final polishing operations on a
wide range of turbines and compressor blades and vanes for the aerospace and
power generation industries in the UK, Scandinavia and France.  The C&H building
also houses the group management, distribution and financial personnel of the
Jena Group.



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