AGM Statement

SIG PLC
30 April 2004



                             AGM TRADING STATEMENT
                                30th April 2004

SIG plc, the market leading specialist distributor of insulation, roofing and
commercial interiors products is holding its Annual General Meeting today, 30th
April 2004.

David Williams, Chief Executive, will be making the following statement
concerning trading:

'The Group has traded well during the first quarter of 2004 with like for like
sales ahead in all three of our operating regions (i.e. the UK and Republic of
Ireland, Mainland Europe and in the USA).

In the UK and Republic of Ireland, growth has been achieved across all product
and market sectors including insulation, roofing and commercial interiors.
Specifically within the premium office products business, our performance has
improved despite continued depressed market demand.

Performance in Mainland Europe has been encouraging and growth achieved in all
countries in which we operate. Market conditions are subdued but stable in
France and The Netherlands. In Germany, whilst conditions remain challenging,
the rate of decline in the market has slowed compared with recent years. The
general economic recovery in Poland has continued into 2004, driving increased
demand for our products.

In the USA, we have had an encouraging start to the year, albeit against a low
base in the first quarter of 2003. Our operations in the Gulf are enjoying some
increase in project work and our branches along the Eastern Seaboard have seen
an upturn in commercial demand.

We see further opportunities for expansion both through additional trading sites
and suitable complementary acquisitions. So far this year we have opened 3 new
roofing branches in the UK and acquired a commercial interiors business in
France with 3 branches.

This very encouraging start to the year gives the Board confidence that the
Group will continue to make further progress.'

Enquiries:

David Williams, Chief Executive, SIG plc        0114 285 6300

Gareth Davies, Finance Director, SIG plc        0114 285 6300

Faeth Birch, Finsbury Group                     020 7251 3801

Gordon Simpson




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