Issue of Equity

Kingspan Group PLC
21 June 2002


                               Kingspan Group plc

Kingspan Group plc have applied to the UKLA to block list 1,500,000 ordinary
shares of 13 euro cents each. Upon issuance these shares will be admitted to the
official list and traded on the London and Irish Stock Exchanges.

The shares will rank pari passu with the existing issued shares of the Company.

21st June 2002

For further information contact:

Amanda McManus

[phone]



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