Treasury Stock

Kingspan Group PLC
19 December 2002


                               KINGSPAN GROUP PLC

                                  ANNOUNCEMENT


Kingspan Group plc announces that it has cancelled 3,946,535 treasury shares
that it bought in September last.


19th December 2002


For further information contact:        Dermot Mulvihill, Finance Director
                                        [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange