AGM Statement

Weir Group PLC
15 May 2003

Embargoed util 12.05 pm on 15 May 2003


                               The Weir Group PLC

                          109th Annual General Meeting

                              Thursday 15 May 2003


            The following is the text of the statement delivered by
              the Chairman, Sir Robert Smith, at this year's AGM.

The Group's performance in the first quarter has been in line with our
expectations as set out in the annual report.

Overall we have seen the level of orders booked in the first quarter of 2003
remain at a level similar to the same period last year.

The Techna division was successful in booking the important Kindasa contract in
March. This, together with the progress recorded by the Minerals division, has
balanced the continuation of the lower level of orders experienced by the Clear
Liquid and Valves divisions in the second half of last year. Whilst the Services
division continues to experience strong rates of enquiry, the level of orders
booked was four percent lower than the first quarter of 2002, but ahead of the
2002 annual run rate.

I can also confirm that the strategic initiatives which we have introduced to
improve productivity and margins in our Engineering Products and Services
businesses are progressing as planned.

A feature of the Group's performance is to report stronger operating results in
the second half of the year. Whilst the current economic and geopolitical
climate still makes it difficult to predict the outcome for the full year with
any degree of certainty, this pattern is expected to be repeated in 2003.


                               The Weir Group PLC

                       149 Newlands Road, Glasgow G44 4EX

                            Enquiries: Helen Walker

                    Tel: [phone] Mobile: [phone]

                      Email: [e-mail]

                            Web Site: www.weir.co.uk


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