Sale of Business

Morgan Crucible Co PLC
30 April 2003



                                                                30th April, 2003


                         The Morgan Crucible Company plc

Sale of Superconductor Business to Bruker Biospin for an initial consideration
of €28 million

The Morgan Crucible Company plc has agreed to dispose of the operations
comprising its Superconductor Business, owned by Vacuumschmelze GmbH & Co. K.G,
in Hanau, Germany, to Advanced SuperConductors Project Hanau GmbH & Co K.G, a
subsidiary of Bruker Biospin GmbH located in Karlsruhe, Germany.

The business produces and supplies low temperature superconducting wire and tape
used in a variety of applications including medical and analytical equipment.
It is also a leader in developing and supplying the emerging next generation
higher temperature superconducting products, for which turnover in 2002 was
approximately €0.6million (£0.4million)

The sale is made on a debt and cash free basis, for an initial consideration of
€28.0 million (£19.4 million) which will be paid in cash at closing.  Further
amounts would also be payable limited to 10 per cent of sales of higher
temperature superconducting products made by the business, in each of the
calendar years until 31 December 2010. The maximum amount of this additional and
contingent consideration will be capped at €20 million (£13.8 million).

As at 4 January 2003 the book value of assets being sold amounted to
approximately €20.4 million (£14.1 million). The business generated an operating
profit of €2.7 million (£1.9 million) in the year to 4 January 2003.

This transaction is subject to regulatory clearance and a period of employee
consultation as is standard under German Law and closing is expected to take
place by 30 June 2003.

The proceeds from the disposal will be used by Morgan to reduce Group net debt,
which was £251.6 million at 4 January 2003.

Warren Knowlton, Morgan's Chief Executive, commented:

'Following the refinancing in March and disposal of six soft coatings businesses
announced recently, our immediate focus remains on removing complexity, cost
reduction, and cash management.  This disposal is a further step in our
programme of non-core business disposals, aimed at reducing group debt'.

Enquiries:

Nigel Young, CFO, Morgan Crucible                            Tel: [phone]

Jon Coles / Harry Chathli, Brunswick                         Tel:  [phone]





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