Disposal

Associated British Engineering PLC
9 January 2001

Sale of the Site at Havant

Associated British Engineering plc ('the Company') announces that it has an
agreement to sell the properties held for sale, being land and properties at
Havant, for £950,000 cash, subject only to shareholder approval. The net asset
value of these properties is £926,000.

The sale proceeds will be transferred to the Company following approval by the
Company's shareholders at an extraordinary general meeting of the Company. The
net sale proceeds will be added to the Company's cash deposits.

A circular incorporating a notice of Extraordinary General Meeting (at which
approval will be sought for the proposed sale) will be despatched to
shareholders in due course.



Enquiries to:

Associated British Engineering Plc:-

Kirsten Hill - Finance Director                         01635 872337

Rupert Pearce Gould - Chairman                          01223 870768