Acquisition

Chemring Group PLC
6 February 2001


                              CHEMRING GROUP PLC                              
                                                                              
                                                                              
                          COMPLETION OF ACQUISITION                           
 
 
On 23 January 2001, Chemring Group PLC ('Chemring') announced that it had
signed a binding agreement to acquire Alliant Kilgore Flares Company LLC
('Kilgore'). 
 
Chemring is pleased to announce that completion of the acquisition of Kilgore
took place yesterday, following the admission to the Official List of the new
ordinary shares which are being issued by Chemring in connection with the
acquisition. 
 
 
 
 
 
Enquiries 
 
Chemring Group PLC 
David Evans, Chief Executive                   Tel: [phone] 
Paul Rayner, Finance Director                     
 
 
 
Cardew & Co. 
Jonathan Rooper                                Tel: [phone]