AGM Statement

Associated British Engineering PLC
12 October 2004


Annual General Meeting

All resolutions at today's Annual General Meeting were passed.

It was noted at the AGM today, that there is a clerical error on the company
balance sheet.

The non-equity shareholders' funds, shown as £677,000 net, should have been
disclosed as £916,000 less a shortfall of £239,000. As this is only a clerical
error the accounts were approved.




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