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Alumasc Group Plc (ALU)

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Tuesday 07 September, 2004

Alumasc Group Plc

Acquisition - Replacement

Alumasc Group PLC
07 September 2004



The following replaces the acquisition announcement released today at 09.38
under RNS number 6783C. In the fourth paragraph, the profits before interest and
tax for Timloc were £0.5 million and not £0.6 million, as previously stated. All
other details remain the same. The full amended release appears below.


7 September 2004


                              THE ALUMASC GROUP PLC

                Acquisition of Timloc Building Products Limited

Alumasc, the high specification engineering and building products group,
announces that on 6 September 2004 it completed the purchase of Timloc Building
Products Limited, previously a wholly-owned subsidiary of Expamet International
Limited, for £3.25 million. The purchase price was paid in cash from the Group's
existing resources. The transaction was structured on a debt free basis.

Timloc, which is based in Goole, East Yorkshire, manufactures and supplies a
range of products to the UK house building market, including cavity trays, roof
and wall ventilation products and loft access doors with a significant market
position in each product range. Products are sold principally to builders'
merchants and distributors for use in the construction of new houses.

This acquisition increases Alumasc Building Products' activities in the house
building sector and by the builders' merchant route. The house building sector
is a relatively minor channel for Alumasc's existing activities and the Board
views it as a significant opportunity for expansion where the familiar
characteristics of high performance, service and technical support are present.
Timloc matches these criteria and should benefit in turn from Alumasc's existing
strengths in the marketing of specification building products.

In the year to 31 December 2003, Timloc earned profits before interest and tax
of £0.5 million. The purchase price of £3.25 million, paid at completion, is based
upon a value of net assets acquired of £1.5 million. Any variation in this
figure, determined by completion accounts, will reflect in the appropriate
adjustment to the purchase price.

Paul Hooper, Alumasc's Chief Executive, commented: "This transaction - as with
the acquisition of Roof-Pro Limited approximately one month ago - follows our
stated plan to build on the Group's strengths in the building products sector
through product development and add-on acquisitions. The Board expects this
acquisition to enhance earnings in its first year of ownership."

Alumasc has announced that it proposes to announce its results for the year
ended 30 June 2004 tomorrow, 8 September 2004.

Enquiries:

The Alumasc Group plc                                            01536-383 844
John McCall (Chairman)
Paul Hooper (Chief Executive)

Bankside Consultants Limited
Charles Ponsonby                                                 020-7444 4166




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