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Alumasc Group Plc (ALU)

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Thursday 01 July, 2004

Alumasc Group Plc

Sale of Land

Alumasc Group PLC
01 July 2004


                              THE ALUMASC GROUP PLC
                                        
                                    Land Sale
                                        
Alumasc, the high specification engineering and building products group,
announces that on 30 June 2004 it exchanged contracts for the sale of land in
Burton-upon-Trent, formerly the site of Alumasc Grundy, generating a pre-tax
profit of £0.8m.

The consideration was £2.1m, 5% of which was paid in cash on exchange of
contracts; the balance is payable on 28 July 2004. The book value of the assets
which were the subject of the transaction was £1.3m.

The proceeds will be used for further Group expansion.


Enquiries:

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

Bankside Consultants Limited 020-7444 4166
Charles Ponsonby




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