Private Placement

Kingspan Group PLC
31 March 2005


                                    31 March 2005





                               KINGSPAN GROUP PLC

                    PRIVATE PLACEMENT RAISES US$200 MILLION



Kingspan Group plc, a major manufacturer of an integrated range of products for
the construction industry, is pleased to announce that it has successfully
negotiated raising US$200 million through a private placement of 10 and 12 year
Senior Notes with a group of US investors. The interest rates achieved by this
debut issuance were the tightest to date by an Irish corporate, and the
placement was significantly over subscribed.



The proceeds of the issue have been converted into Euros and will be used to
repay existing bank borrowings and for general corporate purposes.



The placement has been facilitated and arranged through Bank of Ireland
Corporate Banking with Macquarie Securities (USA) Inc acting as Placement Agent.
Bank of Ireland Global Markets controlled and ran the swap auction.



Mr. Dermot Mulvihill, Kingspan's Group Finance Director, said:

'The very positive response to the placement reflects the credit quality of
Kingspan. The issue has introduced a new investor group and improved our capital
structure by lengthening our debt maturity profile, all at very competitive
interest rates.'







For further information please contact:


Murray Consultants                                     Tel: [phone]

Donnchadh O'Neil


Buchanan Communications                                Tel: [phone]

Jeremy Garcia/Tom Carroll














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