AGM Statement

Severfield-Rowen PLC
04 June 2004


Embargoed until 7.00am, Friday 4 June 2004


                              SEVERFIELD-ROWEN PLC

                                 AGM Statement


At the Group's AGM today, Peter Levine, Chairman, will make the following
statement:

'Trading so far this year has been very encouraging and is in line with our
expectations for the year which is one of increased profitability over that
achieved in 2003.

Enquiry levels are good and the order book remains exceptionally high with the
significant Heathrow Terminal 5 contract progressing very well.  With each year
the reputation and standing of the Group within the structural steelwork
industry grows.  Severfield-Rowen has a strong balance sheet enhanced by a net
cash position and consequently no gearing.

Each operating subsidiary within the Group is trading well and contributing
profitably to the Group's overall position.

As always, the Board is maintaining its efforts to provide and enhance
shareholder value with particular attention now being given to improving
margins.

The first half of this year has been dominated by increases in raw material
prices, particularly steel, however, importantly, the Group has been successful
in passing on these increases to its customers.  The current level of trading,
order book and enquiries for the Group enable the Directors to be confident that
the Group has good prospects extending through 2004 and beyond.

Finally it gives me great pleasure on behalf of the Board to thank and express
our appreciation to our employees and all our shareholders for their continued
support.

                                    - END -


For further information please contact:

Severfield-Rowen            Peter Levine                          0113 246 9993
Financial Dynamics          Peter Otero                           020 7269 7121


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