Completion of Acquisition

Severfield-Rowen PLC
10 October 2007



10 October 2007



           Severfield-Rowen Plc ('Severfield-Rowen' or the 'Company')



            Completion of acquisition of Fisher Engineering Limited
               and acquisition of Dalton Airfield Estate Limited


Severfield-Rowen Plc, the market leading structural steel group, announces that
it has completed the acquisition of the entire issued share capital of Action
Merchants Limited, the holding company of Fisher Engineering Limited.

In addition, the Company has completed the acquisition of Dalton Airfield Estate
Limited which owns the long leasehold title to the Group's headquarters and the
freehold title to a little over half of Severfield-Reeve Structures Limited's
fabrication facility, both at Dalton Airfield Industrial Estate.




Enquiries:

Severfield-Rowen Plc              Peter Levine                   0207 493 7888
                                  Tom Haughey                    01845 577 896
                                  Keith Elliott                  01845 577 896

Hoare Govett Limited              Ranald McGregor-Smith          020 7678 8000
                                  John MacGowan
                                  Stephen Bowler

Financial Dynamics                Richard Mountain               020 7269 7291
                                  Susanne Yule


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