AGM Statement

Chemring Group PLC
7 March 2002



FOR IMMEDIATE RELEASE


                               CHEMRING GROUP PLC

                         AGM STATEMENT BY THE CHAIRMAN

In my recent Chairman's Statement, I stated that there were good growth
prospects for all our business activities, particularly in the US.  I confirm
that this remains the current position.

During February Kilgore recommenced decoy manufacturing operations, following
last year's incident, and is making good progress on reaching the required
manufacturing capacity.  Order levels are buoyant in our US defence businesses
and encouraging indications are being received of further substantial increases
in activities over the next three years.

Discussions to resolve the Kilgore insurance claim continue and I will advise
further when I have something firm to report.

K C SCOBIE
CHAIRMAN
7 March 2002

For further information please contact:

David Evans         Chief Executive, Chemring Group PLC            01489 881 880

Jonathan Rooper     Cardew & Co.                                   0207 930 0777


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