Acquisition

Chemring Group PLC
8 May 2001


PRESS RELEASE                                    8 May 2001


                    CHEMRING GROUP PLC ACQUIRES 51% SHARE

                        OF MARINE PYROTECHNIC BUSINESS


Chemring Group PLC ('Chemring') announces that it has acquired 51% of the
issued share capital of Pirotecnia Oroquieta S.L. ('Oroquieta'), a company
based in Pamplona, Spain, for a cash consideration of £750,000.

At 31 December 2000, the unaudited net assets of Oroquieta were £556,000.

Oroquieta manufactures a range of marine safety pyrotechnics to SOLAS
standards.

Commenting on the acquisition, David Evans, Chief Executive of Chemring, said:

'The acquisition enhances our position in the Southern European marine market
and provides a very competitive manufacturing base to service our leading
position in the worldwide market.'



Enquiries


David Evans, Chief Executive, Chemring Group PLC          Tel:[phone]

Paul Rayner, Finance Director, Chemring Group PLC