Acquisition

Eleco PLC
13 May 2002



13 May 2002

                                ELECO PLC

Eleco buys Downer, the specialist cladding support systems company

Eleco plc ('Eleco'), the building systems and software applications group,
announces the acquisition of the entire issued share capital of Downer Cladding
Systems Limited ('Downer') for a maximum consideration payable of £950,000 in
cash.

Downer, which was founded in 1988 by John Downer, supplies a comprehensive range
of proprietary and bought in support and fixing systems for rainscreen facade
cladding. It also provides technical support services to clients, assisting them
to identify support and fixing solutions for rainscreen facade cladding
projects.

Of the total consideration, £870,000 is being paid in cash on completion to the
vendors of Downer.  Additionally, up to £80,000 will become payable in cash on a
£1 for £1 basis to the extent that the audited profits after tax of Downer for
the year ending 30 June 2002 exceed £130,000.

Unaudited management accounts of Downer for the 9 months ended 31 March 2002
report profits before tax of £178,000 on turnover of £660,000 and net assets at
31 March 2002 were £674,000 including £504,000 in cash.  Downer has no bank
borrowings.  Audited accounts of Downer for the year ended 30 June 2001 showed
profits before tax of £176,000 on turnover of £934,000.

John Ketteley, Executive Chairman of Eleco comments:

'I am delighted that Downer is joining the Eleco Group. Its activities in the
rainscreen cladding market will complement the roofing and cladding business of
our SpeedDeck Building Systems subsidiary. Downer has a highly experienced
technical team, which has developed an excellent reputation for service and
technical support within its industry. We look forward to working with them to
develop and grow Downer's business.'



John Downer, Chairman of Downer said:

'Joining the Eleco Group will provide Downer with an excellent platform for the
next phase of expansion of its business, which will benefit its valued customers
and staff'.





Enquiries to:

John Ketteley, Executive Chairman                    Tel: [phone]
Eleco plc

David Dannhauser, Finance Director                   Tel: [phone]
Eleco plc

John Downer, Chairman                                Tel: [phone]
Downer Cladding Systems

David Millham/Tarquin Edwards                        Tel: [phone]
Holborn





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