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Alumasc Group Plc (ALU)

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Tuesday 31 October, 2006

Alumasc Group Plc

AGM Statement

Alumasc Group PLC
31 October 2006


Tuesday 31 October 2006


                             THE ALUMASC GROUP PLC


                            Chairman's AGM Statement


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


"It was encouraging that the Group performed better as last year progressed,
with both divisions finishing on a positive note. The business review, which was
included with the report and accounts, highlighted the solid progress achieved
during the year, linked to the introduction of new products, investment in
manufacturing facilities and the development of the Group's markets. The Board
expressed its confidence that further progress could be achieved in the
following year.


I am pleased to report that the new financial year, to 30 June 2007, has begun
more positively than the early part of last year, maintaining the progress to
which I have just referred. Despite the sustained rise in material costs and
delays in some public sector spending on social housing, both divisions are
ahead of last year, as a result.


We continue actively to seek bolt-on acquisitions for our building products
businesses."


Notes for Editors:


Alumasc has two divisions, Building Products and Engineering Products.


On 13 September 2006, Alumasc announced, for the year to 30 June 2006, a pre-tax
profit on continuing operations of £7.9m (2005: £7.7m) on revenue from
continuing activities of £132.7m (2005: £114.9m). Building Products recorded a
fifth successive year of profit growth, expanding ahead of underlying market
trends, whilst Precision Components had a record year for new project start-ups
and produced a significantly improved second half performance.


Enquiries:

The Alumasc Group plc                                      01536 383844
John McCall (Chairman)
Paul Hooper (Chief Executive)

Bankside Consultants Limited                              020 7367 8851
Charles Ponsonby




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