Disposal

Melrose PLC
26 May 2006


Not for release publication or distribution, in whole or in part, in or into the
United States, Canada, Australia, Ireland or Japan.


24 May 2006



Melrose PLC



Melrose announces that it has agreed to dispose of Arger Enterprises Inc and its
subsidiaries ("Arger") for a cash consideration of US $12m to Heico Aerospace
Holdings Corp.

Arger is a specialised distributor of aeroplane components and engineering
services to the aerospace aftermarket. Melrose has retained its successful
battery distribution business called AQS.

David Roper, Chief Executive said:

"We wish Arger well in its new home. During our ownership Arger has improved its
performance but we believe the business will be better positioned for a
successful future in its new ownership. This is the first step in achieving our
strategy."


For further information please contact :

Tom Hampson : + 44 20 7153 1522



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