EGM Statement

Associated British Engineering PLC
03 July 2003

Associated British Engineering plc ('the Company')

Extraordinary General Meeting

Following the Extraordinary General Meeting held today at 11.00 am in Oxford the
shareholders approved the resolution for the sale of the site at St Helens
Merseyside for approximately £285,000 net of costs. It is expected that
completion will take place within six working days.



Enquiries to:

Kirsten Good - Finance Director 01223 873600




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