Statement re Share Price Movement

Swallowfield PLC
27 January 2000

Swallowfield has noted yesterday's sharp increase in its share price, which
appears to have resulted from the purchase of 525,000 shares amounting to
approximately 4.66 per cent. at a price of £1 per share representing a
significant premium to the opening mid market price of 67.5p.

The Company confirms that there are no corporate activities under negotiation
which should be the subject of an announcement.

The Company also confirms that it has not received any approach which could
lead to an offer being made for its shares.  Any such approach would be
unwelcome.  The Directors are confident that the Company is well placed to
continue its growth and, as the Company announced on 24 January, trading is in
line with expectations and the Company is experiencing improving levels of
business.

The Company intends to publish the preliminary announcement of its results for
the year ended 31 December 1999 on 6 April.