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Alumasc Group Plc (ALU)

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Tuesday 27 June, 2000

Alumasc Group Plc

Disposal of Tate Access Floors

Alumasc Group PLC
27 June 2000

                     THE ALUMASC GROUP plc

Alumasc,  the  specialist engineering  and  building  products
group,  today announces the sale of the business  and  certain
operating assets of Tate Access Floors ('TAF') to Tate  Global
Inc.,  from  whom  TAF licences its range  of  premium  raised
access  floors.   TAF forms part of Alumasc Interior  Building
Products  and manufactures Tate floor panels at Walsall,  West
Midlands   for  sale  to  the  UK  and  Continental   European
construction markets.

The  unaudited  net asset value, as derived from  the  audited
accounts of Alumasc Interior Building Products, as at 30  June
1999  of  the  operating assets of TAF being sold amounted  to
£1.8 million.  Alumasc has received £2.055 million in cash  in
respect of those assets, equivalent to their net book value at
completion.   Alumasc  has  retained  the  trade  debtors  and
creditors  of  TAF  and  these  have  a  net  book  value   of
approximately £1.3 million.  The unaudited operating loss,  as
derived from the audited accounts of Alumasc Interior Building
Products,  of TAF for the year ended 30 June 1999 amounted  to
approximately £0.05 million on turnover of £6.7 million.

The   Board  of  Alumasc  has  decided  to  focus  the  future
development  of its Building Products Division  on  its  other
brands, including Pendock Profiles, Alumasc Rainwater, Harmer,
Euroroof and MR and so to sell the business of TAF to  its  US
licensor.  The cash proceeds of the disposal will be added  to
the  Group's existing resources and used for general corporate
purposes, including the future development of Alumasc's  other

The Alumasc Group plc                             01536-383844
  John McCall (Chairman & Chief Executive)

Bankside Consultants Limited                     020-7220 7477
  Charles Ponsonby

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