Disposal

Cookson Group PLC
2 January 2002


2 January 2002


COOKSON GROUP plc SELLS PLASTIC MOULDINGS BUSINESSES


Cookson Group plc, the international materials technology company, has
completed the sale of its Plastic Mouldings businesses in four separate
transactions for total a consideration of US$54 million (£38 million).

The Plastics Mouldings activities include the design, manufacture and sale of
plastic pallets for the material handling industry, plastic in-ground swimming
pool panels and accessories and custom moulded components for a variety of
applications.

The total tangible net asset value of the businesses disposed was £58 million
at completion; and £48 million of goodwill was written off to reserves on
original acquisition. In the twelve months to 30 September 2001, these
businesses had sales of £93 million and operating profit of £2 million.

The proceeds of the sale comprise of US$51 million (£36 million) of cash,
which was paid at the closing of each transaction, and a subordinated note of
US$3 million (£2 million) repayable over five years. The cash proceeds have
been applied to reduce Group borrowings.

On 17 December 2001 Cookson announced that, taking into account trading during
the fourth quarter to date, results for 2001 are expected to be in line with
market estimates. On 24 December Cookson announced that it had arranged a new
£450 million multi-currency revolving credit facility. A full update on
trading will be provided on Tuesday 15 January 2002, followed by a conference
call on that day.



Cookson Group plc

The Adelphi

1-11 John Adam Street

London WC2N 6HJ

Tel: [phone]

Fax: [phone]

www.cooksongroup.co.uk