Acquisition

Kingspan Group PLC
09 May 2005


                                                                      9 May 2005


                               Kingspan Group PLC
                                  ('Kingspan')

        Acquisition of Advanced Thermal Composites Ltd for £20 million

Kingspan, a major manufacturer of an integrated range of products for the
construction industry, is pleased to announce it has acquired 100% of the shares
of Advanced Thermal Composites Ltd ('ATC').

ATC is a manufacturer of composite sandwich panels based in Warrington, England
and manufactures continuous PIR and discontinuous PU panels, which it supplies
for use in, inter alia, cold storage and food preparation applications. The
acquisition of ATC complements Kingspan's existing business in the UK.

Consideration at completion is £20m, with a further £1m deferred consideration
payable over a period of three years except in certain circumstances.  The
consideration at completion is subject to upwards or downwards adjustment based
on net cash or debt and net assets each as agreed or determined post completion.
The total consideration represents a multiple of 6 times historic EBITDA
(earnings before interest, tax, depreciation and amortisation) and 6.4 times
historic EBIT (earnings before interest and tax).

ATC is expected to have net assets, excluding cash, at completion of £3.6m.

ATC had aggregated revenue of £15.3m and profit before tax of £3.3m based on
audited accounts for the year ended 31 August 2004.

An analyst conference call is scheduled to take place at 12.00 today. Please
contact Phil Scott on [phone]  for dial up details before 11.45am.


For further information contact:


Donnchadh O'Neill: Murray Consultants Tel +(353 1) 4980 300
Tim Thompson/Jeremy Garcia: Buchanan Communications Tel +(44) 207 466 5000










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