Power Industry Products Sold for £44m

Morgan Crucible Co PLC
16 February 2000


MORGAN CRUCIBLE SELLS POWER INDUSTRY PRODUCTS FOR £44 MILLION

The Morgan Crucible Company plc ('Morgan') has reached agreement to dispose of
its Power Industry Products division ('PIP') to Tyco International Ltd, for
cash consideration totalling £44 million on a debt and cash free basis.  It is
anticipated that, subject to any necessary regulatory approvals, completion
will take place on 10 March 2000.

The PIP companies manufacture and supply fittings and insulators for overhead
and underground cable installations in the power and telecommunications
industries.  Trading under the Dulmison and Morlynn names, PIP operates from
ten locations in nine countries.  PIP's sales were £18.8 million in the first
half of 1999, generating operating profit (after adjusting for certain
non-recurring items) of £1.9 million.  Net assets at June 1999 were £23.8
million.

This disposal is a further step in Morgan's clear strategy of focusing on its
core business areas.  Morgan will apply the proceeds to exploit further core
growth opportunities.

Ian Norris, Morgan's Chief Executive, commented:

'Morgan's strategic restructuring continues to make excellent progress and
this disposal further sharpens our focus on delivering growth in our strong
core businesses.  We wish the employees of PIP every success in the future. 
Tyco is an excellent company and this business fits well with its rapidly
growing Energy division.'

Enquiries:

Ian Norris, Chief Executive                01753 837000
Graham Swetman, Finance Director           01753 837000

Stephen Breslin, Brunswick                0171 404 5959