Disposal/Part Leaseback

Roxboro Group PLC 21 July 2000 SALE AND PART LEASEBACK OF THE LAND AND BUILDINGS AT VICTORIA ROAD, FARNBOROUGH ('FARNBOROUGH SITE') The Roxboro Group PLC announces that it has agreed with J. Sainsbury Developments Limited the terms for the disposal of the Farnborough Site for a cash consideration of £19.6 million and a leaseback of part of the site. The transaction was completed today. The Farnborough site is currently partly occupied by businesses within Roxboro's Solartron Group and Weston Group. The relocation of the Solartron businesses to occupy existing sites acquired as a result of the acquisition of Mobrey earlier this year has facilitated the release of land for sale for development purposes. The consideration will be used to reduce net borrowings of The Roxboro Group PLC. Weston Aerospace is to remain on the Victoria Road site and will relocate to a more modern building which has been leased back from J. Sainsbury Developments Limited on a 25 year lease. The book value of the properties sold as at 31 December 1999 was £13,984,000. It is anticipated the profit generated by this transaction will offset the costs of reorganisation and relocation of Solartron Mobrey and the future costs associated with the Weston move. Enquiries: Harry Tee - Group Chief Executive Alf Vaisey - Group Finance Director The Roxboro Group PLC Telephone: 01223 424626 Alistair Mackinnon-Musson Philip Dennis Hudson Sandler Limited Telephone: 020 7796 4133

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