Trading Statement

Kingspan Group PLC
12 December 2002

                               KINGSPAN GROUP PLC

                                  ANNOUNCEMENT


Kingspan's preliminary results are scheduled to be announced on the 11th March
2003.

While the business environment in which Kingspan operates remains uncertain, the
Group is pleased that against this background profits for 2002 remain in line
with market expectations.    Cash flow remains strong and net debt at year end
is expected to be between €132million and €134 million compared to €170 million
at the end of 2001.

The Company currently holds as treasury shares the shares that it bought back in
September last.  The Company announces that it intends to cancel these shares
before the year-end.


12th December 2002



For further information contact: Eugene Murtagh, Chairman and CEO
                                 [phone]



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