Result of EGM

LPA Group PLC
17 July 2000


                                LPA Group Plc                                 
                                                                              
                                                                              
                                 EGM Results                                  
          Excil acquisition and Share Option Scheme changes approved          
                Difficult trading conditions in the short term                
                  Excellent prospects for the enlarged Group                  
                   Teather & Greenwood appointed as brokers                   
 

LPA Group Plc ('LPA' or 'Group'), the Saffron Walden based specialist
electrical equipment manufacturer, is pleased to announce that at the
Extraordinary General Meeting held today shareholders approved the
acquisition of Excil Electronics Limited and amendments to the Share Option
Schemes. 
 
Michael Rusch Chairman commented as follows; 
 
'As I said in my interim statement, when this important acquisition of Excil
was announced, trading conditions in the current year are continuing to be
difficult. While Channel Electric continues to do well, LPA Industries is
suffering from delays in the award of rail vehicle contracts caused by the
re-negotiation of rail franchises. The market for LPA's industrial products
has also been slow. This year will fall short of current published
expectations despite the contribution that the new acquisitions Haswell and
Excil may make.  
 
Although this year is likely to be disappointing the board believes future
prospects remain excellent and preparations continue to be made to meet
increased demand. In addition to committed demand from the rail sector for
next year for West Coast Mainline, Cross Country and Tangarra Fourth
Generation, we expect to see a resumption of orders for Juniper, Corradia,
Turbostar and Electrostar trains to satisfy the demand for rolling stock
replacement.  
 
In particular, up to 1500 trains are required to replace the slam door stock
on the old Southern Region, which the Health & Safety Executive has directed
must be withdrawn from service by 1st January 2003 or, if certain safety
modifications are implemented, by 1st January 2005. The Shadow Strategic Rail
Authority Franchise Director has undertaken to order these trains and has
already requested bids from the train manufacturers.  
 
Consequently future prospects for the Group are excellent with LPA
Industries, Haswell and Excil having a major exposure to the rail market.
Channel, in addition to its exposure to the aerospace market, is also
becoming a more significant supplier to the rail market. Channel has added
circuit breakers, windscreen wipers, rail sanding equipment and Cytolok cable
terminals to their existing range of products comprising relays, terminal
rails, fans and instrumentation already supplied to the rail market. 
 
I am delighted to announce the appointment of Teather & Greenwood, who have
been enthusiastically following the development of the Group, as brokers to
the Group. I look forward to a long and fruitful relationship.' 
 
 
 
Enquiries:
 
Peter Pollock          Chief Executive          0788 1626123 or 01799 512844 
Ian Dighe              Singer & Friedlander     020 7623 3000 
Russell Cook/          Teather & Greenwood      020 7426 9534/9026 
Peter Ashworth