Disposal

Worthington Group PLC 18 June 2001 Worthington Group PLC ('Worthington') Worthington are pleased to announce that formal planning consents have now finally been obtained for the Shipley site and consequently completion of the sale contract will take place on 5 September 2001 for the sum of £3.5m. Worthington Manufacturing in Macclesfield has moved back into its newly built premises at Fence Avenue following the fire which destroyed the building. The two sites formerly at Park Lane and Davenport Street have been sold for completion on the 31 July for a combined amount of £1.1m. The receipts from the sale of the Shipley site and Macclesfield sites will be used to repay bank borrowings. Accordingly it is intended that a Preliminary Announcement of the results for the year ended 31 March 2001 will be issued on the 31 July 2001, and the Annual General Meeting will be held on the 26 September. Enquiries to: John R Taylor, Chief Executive, Worthington Group plc 01535 297700
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