AGM Statement

Weir Group PLC
12 May 2004



Embargoed until 12.10 pm on 12 May 2004

                               The Weir Group PLC
                          110th Annual General Meeting
                             Wednesday 12 May 2004

            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 of 2004 was in line with
expectations as set out in the annual report and I can report that the
improvement in the level of orders booked in the second half of 2003 has
continued into 2004.

New orders in the Engineering Products' businesses continue to support our
confidence in an improving performance in the second half of the year. The
Minerals Division was successful in winning further contracts in China and our
end markets remain encouraging.

The Services Division has experienced good rates of enquiry with orders booked
being 5.6% above the level reported in the first quarter of 2003. Our Techna
Division has continued to win contracts in the first quarter including the
design and installation of sulphate removal packages for a number of customers
globally including South America and the UK North Sea oil sector.

I can also confirm that the operational initiatives, new product development and
geographic expansion we saw in 2003 continue to add to our business and,
together with the stronger order book, support the improving outlook presented
earlier in the year.

As in previous years, most of the progress is expected to be delivered in the
second half of 2004 with the first half broadly in line with the same period 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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