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Alumasc Group Plc (ALU)

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Monday 19 March, 2001

Alumasc Group Plc


Alumasc Group PLC
19 March 2001

The Alumasc Group plc

Disposal of R & AG Crossland

Alumasc, the specialist engineering and building products Group, today
announces the sale of the business and the net operating assets (other than
buildings) of R & AG Crossland ('Crossland') to Lookspecial Ltd.  Crossland
manufactures metal pressings at Walsall, West Midlands, primarily for the
automotive industry.  The sale of Crossland enables Alumasc to focus on its
principal precision components business, Alumasc Precision Limited, for which
ambitious development plans were recently announced.

The audited net asset value of the net operating assets being sold as at 30
June 2000 amounted to £1.1 million.  Alumasc has received £0.95 million in
cash as consideration and will pay £0.25 million in respect of the termination
of an agency agreement.  The audited operating profit of Crossland for the
year ended 30 June 2000 amounted to approximately £0.07 million on turnover of
£7.4 million.

The net 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 businesses.


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

Bankside Consultants Limited      020 7220 7477
 Charles Ponsonby

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