Completion of Transactions

Chamberlin & Hill PLC
15 March 2006


CHAMBERLIN & HILL PLC

16 March 2005

Property sale and pension contribution


Chamberlin & Hill plc (the 'Company') is pleased to announce the completion of
the following transactions:

1 Following the closure of the Company's Bloxwich iron foundry and the
relocation of its output to other sites (as noted in our Interim Results of 30
November 2005), on 15 March 2006 the Company entered into a contract for the
sale of the Bloxwich freehold site to Midland Properties (West Midlands) Limited
for a cash consideration of £1.675 million. The full proceeds were received on
completion.

Profit on the sale of the Bloxwich site, which had a book value of £0.63
million, is expected to more than offset closure costs and severance payments to
employees, which are estimated to be in the region of £0.7 million.

2 The Interim Results also noted that the Company continued to examine ways to
mitigate the deficit in its final salary pension scheme.

On receipt of the cash relating to the sale of the Bloxwich site, a lump sum
contribution of £1.5 million was therefore immediately made into the Chamberlin
& Hill plc Staff Pension Scheme.  At the same time, the Company has agreed with
the Trustees of the Scheme that the maximum period over which the remaining
actuarial deficit will be made good by additional regular contributions will be
reduced from the current 20 years to 10 years.  This will leave ongoing
contribution levels broadly unchanged.


For further information, contact details are:

Chamberlin & Hill plc
Barrie Williams, CEO                                               01922 721 411



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