Disposal of Falcon Agricultural

Anglo-Welsh Group PLC 30 March 2000 Anglo-Welsh Group Plc announces that it has exchanged conditional contracts for the disposal of the assets and trade of its Falcon Agricultural engineering division to Oaklane Management Company Limited for cash consideration of £220,000. The contract is expected to complete on or before 5 May 2000. The Directors do not regard Falcon as a core business. The disposal of the Falcon business does not include the development land acquired at the time of the original acquisition of Falcon. The Company intends to dispose of this land separately. The disposal of Falcon is not expected to have any material effect upon the future trading results of the Group. The approximate book value of net assets transferred is £270,000. The proceeds of the disposal will reduce borrowings of the Group.

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