AGM Statement

SIG PLC
7 May 2002



                              AGM TRADING STATEMENT
                                   7 MAY 2002



At today's Annual General Meeting of SIG, Europe's leading specialist
distributor of insulation, roofing and commercial interiors products, the Chief
Executive, David Williams, made the following comments about trading:



'UK sales into residential building sectors have been strong, benefiting the
Roofing and Insulation operations.  However, the reduced demand from the
commercial new build property sector which we reported in March has continued,
adversely affecting sales from our Commercial Interiors business in the UK and
Eire.



In Europe, where sales are heavily weighed towards non-residential building
sectors, market conditions have been difficult in the first 4 months.  However,
sales increased again in France, and in Germany fell by less than 1%, which we
believe to be considerably better than the market, and represents a further
strengthening of our position.



Compared with a very strong performance in the USA in the early part of 2001,
although sales were down in the first four months some improvement was seen in
April.



Despite weaker conditions in most of our markets the Group remains confident of
continued progress in 2002.'



(ENDS)



Enquiries:


David Williams, Chief Executive              SIG plc               0114 285 6300

Rupert Younger / Faeth Birch                 Finsbury              020 7251 3801





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