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Wagon PLC (WAGN)

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Friday 26 August, 2005

Wagon PLC


Wagon PLC
26 August 2005

                                      Wagon plc

                                 registered number 150042

The Board of Wagon plc, the European automotive engineering group, announces
that it has sold its North American Engineering Consulting business, Hawtal
Whiting, to Acro Service Corp. for a cash consideration of £0.4 million.

This transaction concludes Wagon's planned exit from this business, which is non
core to the Group's primary automotive manufacturing activities.  Having
restored the business to break-even in the past 12 months, the disposal realises
a loss on disposal of £0.3 million.

Pierre Vareille, Chief Executive said 'We are pleased to have concluded our exit
from this business with this transaction.  This enables the Group to focus its
efforts more fully on its core strategic activities of automotive manufacturing
supply, and in North America on its successful and growing manufacturing and
supply business.'

26 August 2005


For further details please contact:

Wagon plc  01926 475 000                      Hogarth Partnership  0207 357 9477

Pierre Vareille, Chief Executive              John Olsen
Richard Cotton, Finance Director              James Longfield

                      This information is provided by RNS
            The company news service from the London Stock Exchange