Notice of Tate settlement

Kingspan Group PLC
04 January 2005


For Immediate Release                                        4 January 2005

                               Kingspan Group PLC
                              Notice of Settlement

Kingspan Group PLC, a major manufacturer of an integrated range of products for
the construction industry, today announces that a settlement agreement has been
reached with the former shareholders of Tate Global Corporation with respect to
a dispute arising from the sale of Tate Global Corporation to Kingspan in
January 2001.

The settlement includes a $36,000,000 reduction to the purchase price of the
stock of Tate Global Corporation purchased by Kingspan. In the context of the
settlement, the parties acknowledge that the reduction in purchase price will
resolve all disputes arising from an arbitration award in October 2003, in which
two arbiters (against one dissent) made certain findings that were strongly
contested by the former Tate Global Corporation shareholders. These findings
propelled the dispute into the federal courts. This settlement ends all pending
litigation as well as any assertions of wrongdoing on the part of the former
Tate Global Corporation shareholders in connection with the sale of their stock.

In furtherance of the settlement, Kingspan has received and booked $36,000,000
in its 2004 accounts.

For further information please contact:

Murray Consultants                Tel: [phone]
Donnchadh O'Neil

Buchanan Communications           Tel: [phone]
Tim Thompson/Jeremy Garcia




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