Re: Binding Arbitration Award

Kingspan Group PLC
10 October 2003

KINGSPAN GROUP PLC.



ANNOUNCEMENT RE KINGSPAN BINDING ARBITRATION vs TATE GLOBAL CORPORATION





A panel of arbitrators of the American Arbitration Assocation in Washington,
D.C., USA has rendered a binding arbitration award in favour of Kingspan Group
plc. and Kingspan Holdings US Inc. of $40,113,735.58 plus interest of $5,354.79
per day from September 19, 2003.  The panel found Daniel R. Baker and the other
sellers of Tate Global Corporation liable for breach of contract, common law
fraud and federal and Pennsylvania securities law violations in connection with
the sale of the stock of Tate to Kingspan in January 2001.



Eugene Murtagh, Chairman and CEO said:



'We are delighted that the binding arbitration case has been resolved in favour
of Kingspan, and feel that the result vindicates the decision to proceed with
the case.  Our lawyers will move to immediately enforce the judgement.'



For further information, contact:



Brendan Murtagh [phone]

Eugene Murtagh [phone]



Media contact:



Tom Byrne, Murray Consultants [phone]







This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.




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