Weir Pumps business

Weir Group PLC 26 March 2007 Statement re. Weir Pumps business Due to our inability to agree terms, it is announced that The Weir Group PLC and Sulzer AG have terminated their discussions in connection with the sale of the Glasgow based business unit of Weir Pumps to Sulzer. A number of options relative to the future plans for Weir Pumps will be considered over the next few weeks. The most probable outcome is an investment in a dedicated facility located in Glasgow to manufacture spares for Weir's global markets. As outlined prior to the approach from Sulzer, this proposal would result in the proceeds from the disposal of the Cathcart site of approximately £25m being reinvested in the continuing operations of Weir Pumps and to fund the already announced retention and redundancy programmes. Contact details: The Weir Group PLC Alan Mitchelson, Corporate Services Director Tel. 0141 637 7111 (switchboard); Helen Walker, Public Relations Manager Tel. 0141 308 3739 (Mobile: 07789 032296) Maitland Tel. 020 7379 5151 Suzanne Bartch (Mobile: 07769 710 335) Peter Ogden This information is provided by RNS The company news service from the London Stock Exchange

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Weir Group (WEIR)
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