Consolidation, etc Update

ASSOCIATED BRITISH ENGINEERING PLC
2 September 1999

CONSOLIDATION & SUB-DIVISION DETAILS
COMPANY NAME
*ASSOCIATED BRITISH ENGINEERING PLC
SECURITY TITLE
*Ord Shs
MNEMONIC CODE       *ASBE
SEDOL CODE          *056-003
TERMS     *Consolidation of every 3,000 Ord Shs of 1p into 1 New Ord Share of
           £30. Each New Ord of £30 will be Sub-divided into 15 New Ord Shs of
           £2.
PROVISIONAL EFFECTIVE DATE * 09-09-99
RECORD DATE         * 31-08-99
NOTES     *Due to the class meetings of 01-09-99 being adjourned until 08-09-99,
           the Effective date of 02-09-99 which was released on 04-08-99 (RNS
           No 3556u) has now been been amended.
           Proposals are subject to class meetings on 08-09-99.