Disposal

Hill & Smith Hldgs PLC
10 April 2001

SALE OF CLEWS BROTHERS LIMITED



Hill & Smith Holdings PLC ('Hill & Smith') today announces the sale of the
business and stock of Clews Brothers Limited ('Clews Brothers'), a wholly
owned subsidiary of Hill & Smith, to Clews Tipco Limited ('Clews Tipco'), a
subsidiary of Tipco Inc., which is incorporated in Ontario, Canada.
Completion took place on 4 April 2001.



The consideration, payable to Hill & Smith in cash on completion, was £
285,000.  After the collection of debts and payment of creditors, the cash
released to Hill & Smith will be around £380,000, which approximates to the
net asset value of Clews Brothers.  In the year to 31 December 2000, Clews
Brothers made a loss before interest and taxation of £73,000.



Redundancy costs will be minimal, as 10 of the 11 staff currently employed at
Clews Brothers will be employed by the new owner of the business, Clews Tipco.


For further information, please contact:

Hill & Smith Holdings PLC                                     Tel: [phone]
Howard Everett, Company Secretary

Rawlings Financial PR Limited                                 Tel: [phone]

Catriona Valentine