Completion of Disposal

Avon Rubber PLC 04 March 2008 4 March 2008 AVON RUBBER p.l.c. ( 'the Group' or 'the Company') Sale of Aerosol Gasket business ('the business') On 8 February 2008, the Board of Avon Rubber p.l.c announced that it had exchanged contracts for the sale of its Aerosol Gasket business to Crosslinks Limited, based in South Wales and Corsham, Wiltshire, for a consideration of £1.75 million payable in cash on completion of the sale. Completion of the disposal has now taken place and, as previously announced, the proceeds will be utilised to reduce current borrowings. < ends > For further enquiries, please contact: Avon Rubber p.l.c Terry Stead, Chief Executive 01225 896 831 Peter Slabbert, Group Finance Director Fiona Stewart, Corporate Communications Executive 01225 896 871 Weber Shandwick Financial Richard Hews 020 7067 0700 Rachel Martin Hannah Marwood NOTES TO EDITORS: Avon Rubber p.l.c. is an international polymer engineering group adding value through material, manufacturing and industry sector expertise. The Group is currently capitalised at approximately £31 million. Avon supplies a range of advanced CBRN respiratory protection solutions through Avon Protection Systems Inc. to the world's military and police forces, as well as first responders and emergency services. Avon Rubber p.l.c. owns Avon-ISI, which designs, develops and manufactures a range of SCBA equipment for fire, rescue and law enforcement, as well as military applications. Avon Rubber p.l.c. also owns Avon Engineered Fabrications manufacturing products including hovercraft skirting and flexible storage tanks and a world leading dairy business manufacturing dairy liners and tubing. This information is provided by RNS The company news service from the London Stock Exchange GGGFDDMGRZM
UK 100