Disposal

Hunting PLC
24 April 2001


HUNTING PLC

Proposed disposal of Irvin Aerospace Limited, Irvin Aerospace Inc, and
Irvin Aerospace Canada Ltd. (together 'Irvin')

Hunting PLC ('Hunting'), the oil services group, today announces that it
has conditionally agreed to sell Irvin to the Airborne Systems Division
('Airborne Systems') of Wardle Storeys Limited for a consideration of £17.0
million, based on the expected level of net assets at completion of £12.3
million.  The consideration is payable in cash on completion.

Irvin operates internationally in the field of military parachutes and
related air and naval products.  In the year to 31 December 2000, Irvin
sales were £32.5 million and it achieved an operating profit before
interest and taxation of £3.1 million.

The Disposal is conditional upon both Hunting and Airborne Systems
obtaining certain regulatory approvals in the UK and USA.  Completion of
the sale is expected to take place within the next few weeks.

Ken Miller, Deputy Chairman of Hunting PLC said: 'I am pleased to announce
the sale of Irvin, which marks a further step in the implementation of our
strategic decision to exit defence in order to concentrate on the growth
opportunities which exist in oil services'.

Enquiries:
Hunting PLC                                    Tel:    [phone]
Kenneth Miller, Deputy Chairman
Dennis Clark, Finance Director

Livingstone Guarantee plc
Simon Cope-Thompson                            Tel:    [phone]