Disposal

Fisher (James) & Sons PLC
4 March 2002


4 March 2002

                         James Fisher and Sons plc
                        Exit from Dry Cargo Vessels

James Fisher and Sons plc, the UK's leading provider of marine services, is
pleased to announce the sale of the last two ships in its fleet of dry cargo
vessels concluding its exit from this unprofitable market.

The company has successfully reduced its fleet in this activity and as part of
the same strategic review, has also disposed of other non - core activities,
principally the release of leasehold liabilities in the Port of Newhaven in
2001.

The company will now focus on the provision of practical solutions for the
marine industry using its technical knowledge and expertise.  This will run in
parallel with its shipping operations.

Commenting on the exit from the dry cargo business, Chairman, Tim Harris, said:

'  We are pleased that we have now fully implemented this change in strategy and
are able to concentrate on the more profitable areas of our business where there
is potential for future expansion.  James Fisher is a company driven by a core
of long standing experience and technical expertise.  This can be applied to
niche markets in the marine industry and it is here that we see excellent
opportunities for future growth.'

Enquiries:

James Fisher and Sons plc
Tim Harris, CBE, Chairman   Tel: [phone]
Angus Buchanan, Chief Executive Officer


Binns & Co PR Ltd
Judith Parry                Tel: [phone]
Paul McManus                Tel: [phone]


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            The company news service from the London Stock Exchange