Stmnt re Share Price Movement

Associated British Engineering PLC
11 March 2004

FOR IMMEDIATE RELEASE





                   ANNOUNCEMENT TO THE LONDON STOCK EXCHANGE



               Associated British Engineering PLC ('the Company')



                           Movement in Share Price







The Board of Associated British Engineering PLC has noted the movement in the
Company's share price and knows of no reason for the rise. The Company continues
to be in discussions regarding the pension situation and is attempting to
resolve difficult issues.





For further information:



Colin Weinberg, Director                      [phone]



Robert Lo, Nabarro Wells & Co. Limited        020 7710 7400


                      This information is provided by RNS
            The company news service from the London Stock Exchange