Acquisition

SIG PLC
30 July 2002

30 July 2002

                         CONTINUED EXPANSION AT SIG

SIG, Europe's leading specialist supplier of insulation, roofing and commercial
interiors products, today announced the latest moves in its continuing expansion
plans.

In March 2002, the Group announced the acquisition of Proos Roofing Supplies,
its largest competitor in the UK roofing market.  Following on from this, the
Company has announced four further acquisitions for a combined consideration of
£5.9m.  Annualised sales of the acquired businesses exceed £30m, adding to the
Group's operations in the UK, including the Insulation and Roofing divisions,
and opening up a significant position in the insulation market in the
Netherlands. When consolidated, these will add a total of 16 trading locations,
chiefly in the UK.  In total, net assets exceed £3.7m and the Group has assumed
debt within the acquired businesses of c.£1.5m.

Group Chief Executive, David Williams, commented:   'I am delighted with each of
these deals.  It demonstrates our capacity to find acquisition opportunities
that have an excellent fit with our existing operations.  All four businesses
are trading profitably and, of course, we have some work to do but the
enhancement opportunities are clearly there.  I think we also have the advantage
that some excellent managers and staff have joined the Group so we will expect
to benefit from their experience going forward.'

Notes to Editors:

SIG is a leading international supplier to the construction and industrial
markets, specialising in insulation, commercial interiors and roofing products.

The group operates in the UK, Ireland, France, Germany, Holland and the USA and
has over 300 separate trading sites.  In the year to 31 December 2001 SIG
reported pre-tax profits of £54.1 million on sales of £1,037 million, both
substantial increases on the prior year.

Enquiries:

Gareth Davies, Finance Director, SIG plc                         0114 285 6300

Faeth Birch / Gordon Simpson, Finsbury                           020 7251 3801
                                                                 07778 739 237

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                   RB