Final Results

Castings PLC
26 May 2000


AT A BOARD MEETING I WAS AUTHORISED TO RELEASE THE FOLLOWING DETAILS IN
RESPECT OF CASTINGS PLC AND ITS WHOLLY OWNED SUBSIDIARY COMPANIES FOR THE YEAR
ENDED 31 MARCH 2000:

SUMMARISED GROUP PROFIT AND LOSS ACCOUNT
                                           YEAR ENDED           YEAR ENDED
                                              2000                 1999
                                              £000                 £000  

TURNOVER                                     55,939               62,477
                                             ______               ______ 
OPERATING PROFIT                              9,183               10,095

EXCEPTIONAL OPERATING EXPENSES                                    
  -NET CLOSURE COSTS OF W.H BOOTH              (536)                   - 
OTHER INCOME                                  1,573                1,768
                                             ______               ______
PROFIT BEFORE TAXATION                       10,220               11,863

TAXATION ON PROFITS                           3,000                3,736
                                              _____                _____
PROFIT ATTRIBUTABLE TO SHAREHOLDERS           7,220                8,127
                                              _____                _____
INTERIM DIVIDEND ALREADY PAID                 2.12PENCE           2.02PENCE
-PENCE PER SHARE
RATE OF FINAL DIVIDEND PROPOSED (PENCE)       5.04PENCE           4.80PENCE
AMOUNT ABSORBED BY DIVIDENDS(£000)           £3,123              £2,970     
                                                                              
EARNINGS PER SHARE - PENCE                    16.56PENCE           18.68PENCE
DILUTED EARNINGS PER SHARE - PENCE            16.50PENCE           18.59PENCE 

THE EARNINGS PER SHARE ARE BASED ON THE WEIGHTED AVERAGE NUMBER OF SHARES IN
ISSUE OF 43,596,735 IN 2000 AND 43,508,693 IN 1999.DILUTED EARNINGS PER SHARE
ARE BASED ON 43,746,735 SHARES BEING THE WEIGHTED AVERAGE NUMBER OF SHARES IN
ISSUE AFTER ADJUSTMENT FOR THE EFFECT OF DILUTIVE SHARE OPTIONS
(1999:43,704,693).

SUMMARISED GROUP BALANCE SHEET
                                            31 MARCH 2000        31 MARCH 1999
                                               £000                  £000
TANGIBLE ASSETS                               17,949                19,434
INVESTMENTS                                      694                   695
CURRENT ASSETS 
STOCKS                                         3,409                 3,818
DEBTORS                                       12,018                 9,624
CASH AT BANK                                  30,455                28,886
                                              ______                ______
                                              45,882                42,328
CREDITORS - UNDER ONE YEAR                   (14,882)              (16,953)
                                              ______                ______
NET CURRENT ASSETS                            31,000                25,375
PROVISIONS FOR LIABILITIES/CHARGES              (148)                 (148)
                                              ______                ______
                                              49,495                45,356
                                              ______                ______
CAPITAL AND RESERVES                                   
CALLED UP SHARE CAPITAL                        4,361                 4,357
SHARE PREMIUM                                    748                   710
RESERVES                                      44,386                40,289
                                              ______                ______
                                              49,495                45,356
                                              ______                ______


SUMMARISED CASH FLOW STATEMENT               31 MARCH 2000       31 MARCH 1999
                                                £000                 £000
NET CASH INFLOW FROM OPERATING ACTIVITIES       9,708               14,421
RETURNS ON INVESTMENTS AND SERVICING OF FINANCE:
INTEREST RECEIVED                               1,573                1,768
TAXATION                                       (3,976)              (3,591)
CAPITAL EXPENDITURE AND FINANCIAL INVESTMENT:
PURCHASE OF TANGIBLE FIXED ASSETS              (2,302)              (3,557)   
SALE OF TANGIBLE FIXED ASSETS                     159                    7
EQUITY DIVIDENDS PAID                          (3,016)              (2,693)
                                                _____                _____
CASH INFLOW BEFORE USE OF LIQUID RESOURCES      2,146                6,355
AND FINANCING
MANAGEMENT OF LIQUID RESOURCES:
INCREASE IN SHORT-TERM DEPOSITS                (1,376)              (6,570)
FINANCING:
ISSUE OF ORDINARY SHARE CAPITAL                    42                   69
                                                  ___                 ____ 
INCREASE IN CASH                                  812                 (146)
                                                  ___                 ____ 
RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET FUNDS
INCREASE IN CASH IN THE PERIOD                    812                 (146)
INCREASE IN LIQUID RESOURCES                    1,376                 6,570
                                                _____                 _____
CHANGE IN NET FUNDS FROM CASH FLOWS             2,188                 6,424
OPENING NET FUNDS                              28,864                22,440
                                               ______                ______
CLOSING NET FUNDS                              31,052                28,864
                                               ______                ______   
 
THE RESULTS FOR THE YEAR TO 31 MARCH 2000 HAVE BEEN EXTRACTED FROM THE
FINANCIAL STATEMENTS FOR THE YEAR WHICH HAS BEEN AUDITED AND WILL BE FILED
WITH THE REGISTRAR OF COMPANIES.THE RESULTS FOR THE YEAR TO 31 MARCH 1999 ARE
AN ABRIDGED VERSION OF THE COMPANY'S FULL ACCOUNTS FOR THAT YEAR WHICH
RECEIVED AN UNQUALIFIED REPORT BY THE AUDITORS AND HAVE BEEN FILED WITH THE
REGISTRAR OF COMPANIES.


THE ANNUAL GENERAL MEETING WILL BE HELD ON TUESDAY 15 AUGUST 2000 AND IF THE
PROPOSED FINAL DIVIDEND IS APPROVED BY THE MEMBERS,THE DIVIDEND WILL BE PAID
ON FRIDAY 18 AUGUST 2000.THE RECORD DATE WILL BE 21 JULY 2000.

IT WAS REPORTED AT THE HALF YEAR STAGE THAT TURNOVER AND PROFITS WERE REDUCED
FROM THE PREVIOUS RECORD YEAR, AND IT WAS STATED PROFITS FOR THE FULL YEAR
WOULD BE AT A REDUCED LEVEL.  THE RESULTS ARE CONSIDERED SATISFACTORY TAKING
INTO ACCOUNT MANY ADVERSE FACTORS AFFECTING MANUFACTURING INDUSTRY, INCLUDING
THE STRONG POUND PARTICULARLY AGAINST THE EURO, PRICE PRESSURES FROM MAJOR
CUSTOMERS AND PROBLEMS AT ROVER AND TRANSTEC.

WE HAVE SEEN INCREASES IN CUSTOMERS' SCHEDULES RECENTLY AND WE ARE RECEIVING
NEW ORDERS FROM EUROPE AND THE USA.  WE ARE HOPEFUL THAT THIS WILL CONTINUE IN
THE FORESEEABLE FUTURE, PARTICULARLY AS THE POUND WEAKENS.  WE DO HAVE TO
ACCEPT GLOBAL COMPETITION WHICH COULD RESULT IN LOWER MARGINS.

THE BOARD HAS APPROVED CAPITAL EXPENDITURE OF APPROXIMATELY £3.5M DURING
2000/2001 AND A SIMILAR AMOUNT THE FOLLOWING YEAR.

B J COOKE. CHAIRMAN.
CASTINGS PLC. LICHFIELD ROAD. BROWNHILLS. WEST MIDLANDS. WS8 6JZ