US Private Placement

SIG PLC
21 August 2001

                                                                21 August 2001


                 $120 million raised in US private placement

SIG plc, Europe's largest specialist distributor of insulation, ceilings and
partitioning and roofing products, has successfully completed a $120 million
unsecured private placement of Senior Notes with a group of institutional
investors in the USA. The seven to ten year fixed-rate financing was arranged
by The Royal Bank of Scotland and was significantly oversubscribed. The group
has arranged to swap all the interest and principal flows arising over the
life of the financing from US dollars into both Sterling and Euros.

The facility will be used to supplement existing bank credit lines and extend
the overall maturity of the group's debt facilities, enhancing its ability to
make bolt-on acquisitions in its core areas.

(ENDS)



Notes to Editors:

SIG is a leading international supplier to the construction and industrial
markets, specialising in insulation, roofing and ceilings and partitioning
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 2000 SIG
reported pre-tax profits of £48.2 million on sales of £932 million, both
substantial increases on the prior year.



Enquiries:
Bill Forrester, Chief Executive                  SIG plc     0114 285 6300
David Williams, Deputy Chief Executive
Frank Prust, Finance Director
Rupert Younger/ Gordon Simpson                   Finsbury    020 7251 3801