Chairman's AGM Statement

Hunting PLC
26 April 2000


HUNTING PLC
AGM STATEMENT

At the annual general meeting of Hunting PLC, to be held at 10.30 am today,
Richard Hunting, Chairman of Hunting, will make the following statement:

Trading Update

Current trading is ahead of last year due to improved results in the Oil
Division.  In particular, the new acquisition, Iberia Threading, which was
purchased in January 2000, is performing very strongly.  The Defence
Division continues to work on a number of opportunities where we are teamed
with well qualified partners.

Strategy

In our 1999 Report & Accounts, we commented that we were undertaking a
fundamental review with our advisers to determine the most appropriate way
for the company to maximise shareholder value.  This review, which has
taken several months, has now been completed.  We have decided to
concentrate resources on our Oil Division where we see many opportunities
for enhancing shareholder value.  To provide the additional resource to
enable to us to take advantage of these opportunities, we are reviewing all
options for the future of our Defence Division for which a number of
expressions of interest have been received. A further announcement will
only be made when matters have reached a definitive stage.

Enquiries to:-

Hunting PLC
Ken Miller, Chief Executive                           020 7321 0123
Dennis Clark, Finance Director

Brunswick Group Limited                               020 7404 5959
Richard Bassett/Sara Musgrave