Trading Statement

Kingspan Group PLC
12 December 2003


Trading update 12 December 2003


Kingspan issues the following trading update in advance of its preliminary
results for the 12 months ending 31 December 2003, which will be announced on
Tuesday 9th March 2004.


   •Results are expected to be in line with Market expectations for the year.
    This is after an adverse foreign exchange translation impact of
    approximately €2mn and rationalisation costs of approximately €1.6mn
    relating to our access floors business.

   •Net debt at year end is expected to be between €130 and €135mn compared
    to €117mn at the end of 2002. The increase reflects the special dividend
    payment of €19.8mn along with capital expenditure spend in the region of
    €40mn.

   •Looking out to 2004, overall construction market conditions are not
    expected to change materially from the current year. The benefits of capital
    expenditure referred to above along with actions to improve efficiencies and
    reduce costs should impact positively on results going forward.







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