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Alumasc Group Plc (ALU)

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Thursday 20 October, 2005

Alumasc Group Plc

AGM Statement

Alumasc Group PLC
20 October 2005





Thursday 20 October 2005

                             THE ALUMASC GROUP PLC

                            Chairman's AGM Statement

At the AGM in London this morning of Alumasc, the premium building and
engineering products company, the Chairman, John McCall, will state:

"In my statement accompanying last year's report and accounts, I drew attention
to the change that has occurred in the balance of our Group, with building
products contributing two-thirds to Group profits following five years of strong
growth. The first three months of the current financial year are showing a
similar pattern to the previous year, with our building products activities
continuing to grow, both in absolute terms and as a proportion of the whole.

Highlights include the commencement of Alcoa's large new aluminium smelter
project in Iceland, incorporating our Armaseam standing-seam roofing system, and
the continued refurbishment of social housing in the UK, which benefits our MR
external wall insulation business.

This growth, coupled with the restructuring that has occurred over the past
year, will further increase the bias in the Group's activity in favour of the
second half year, ie January to June. Last year's split in ongoing turnover (47:
53) and profit (44:56) is expected to become wider in the current year, as a
result.

Our engineering and industrial businesses remain active in developing new
projects and products, as reported in last year's accounts, and encouraging
interest was expressed at the recent Drinktec exhibition in Germany in Alumasc
Dispense's Wireless Energy Transfer (WET) technology and in Trimcool, its
radical new beer cooling system.

Negotiations are continuing for the sale of Copal Casting, our West
Midlands-based gravity casting business.

Looking to the future, Alumasc, with its well-regarded niche brands, focus on
premium products and service, good customer relationships and strong balance
sheet, is well placed for further successful development."

Enquiries:

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

Bankside Consultants Limited
Charles Ponsonby                                                 020-7367 8851
                                                 [email protected]




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