Completion of Demerger

Bunzl PLC
06 June 2005



COMPLETION OF DEMERGER OF FILTRONA PLC



Bunzl plc is pleased to announce the completion of the demerger of Filtrona plc
and the consolidation of Bunzl's and Filtrona's issued share capital.

Accordingly, the consolidated Bunzl shares and consolidated Filtrona shares were
admitted earlier today to the Official List and to trading on the London Stock
Exchange's market for listed securities.


As anticipated in the circular to shareholders dated 17 May 2005, Mark Harper
and Paul Heiden have resigned from the Bunzl board with immediate effect.





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