Result of EGM

Fairey Group PLC
19 May 2000

                               FAIREY GROUP PLC

                   Shareholders approve proposed acquisition
                      of Spectris AG Sensoren und Systeme

At  the  Extraordinary  General Meeting of Fairey Group  plc  ('Fairey')  held
today,  the  ordinary resolution approving the acquisition (the 'Acquisition')
of  Spectris  AG  Sensoren und Systeme from AGIV AG, set  out  in  the  notice
accompanying  the  prospectus sent to shareholders on 3  May  2000,  was  duly
passed.

The  Acquisition  is  conditional, inter alia,  on  the  receipt  of  relevant
regulatory clearances and AGIV shareholder approval.

Fairey  is  confident  that  the  appropriate  regulatory  approvals  will  be
received.   The   two  major  shareholders  of  AGIV,  which   together   hold
approximately  60  per cent of the voting rights of AGIV, have  undertaken  to
vote in favour of a resolution approving the Acquisition at AGIV's shareholder
meeting to be held on 27 June 2000.

Completion  of the Acquisition will take place on the later of 4  August  2000
and   five   business  days  after  the  Acquisition  Agreement   has   become
unconditional, or earlier by mutual agreement of the parties.

The proposed acquisition of Spectris will bring to Fairey several high quality
operations,  characterised by leading market positions,  high  gross  margins,
strong cash generation and sound growth prospects.  The Directors believe  the
Acquisition  will  enhance Fairey's earnings per share (before  reorganisation
costs and goodwill amortisation) in the first full year of ownership.

In  addition to the above resolution, a second ordinary resolution authorising
the  Directors of Fairey to allot relevant securities, pursuant to section  80
of the Companies Act 1985 as set out in the notice accompanying the prospectus
sent  to  shareholders  on  3  May  2000, was  also  duly  passed  at  today's
Extraordinary General Meeting.

Fairey  Group is a specialist process technology group, focused on  electronic
controls, process instrumentation and filtration systems.

For further information please contact:

Fairey Group plc   John Poulter         T: 01784 470 470
                   Chief Executive



Financial Dynamics Richard Mountain     T: 020 7269 7249