Disposal

KINGSPAN GROUP PLC
31 August 1999


Kingspan Group plc ('Kingspan') announces that it has disposed of its entire
share holding in CMS Pozament Limited.  Kingspan held 50.1% of the issued
share capital of CMS Pozament in a joint venture with HSC UK Ltd.  CMS
Pozament's principal activity is the manufacture of specialised cement and it
was acquired as part of the Hewetson plc acquisition in January of this year.
This disposal is in line with Kingspan's strategy of focusing on Hewetson's
raised access flooring business.

The total consideration for the business is Stg£2 million, of which Kingspan
will receive Stg£1 million for its share.  This will be used as additional
working capital throughout the Group.

CMS Pozament's net assets in its most recent accounts (31 March 1999), were
Stg£1.4 million and net profit after tax for the same year was Stg£181,933.

For further information contact:


Dermot Mulvihill                                   Tel: [phone]
Group Finance Director