Result of EGM

Associated British Engineering PLC
14 March 2001


Following the Extraordinary General Meeting held today at 11.00 am in Thatcham,
the ordinary shareholders approved the resolution for the sale of the site at
Havant for approximately £926,000 net of costs.  It is expected that completion
will take place within ten working days.

Enquiries to Associated British Engineering plc:-

Kirsten Hill         - Finance Director     01635-872-337
Rupert Pearce Gould  - Chairman             01223-870-768