Sale of Laser Diode Inc. to Tyco International

Morgan Crucible Co PLC
5 April 2000

Morgan Crucible Company plc

Sale of Laser Diode Inc. to Tyco International Ltd

The Morgan Crucible Company plc ('Morgan') has reached agreement to dispose of
the business and assets of Laser Diode Inc. to Tyco International Ltd, for
cash consideration totalling US$26.5 million, on a debt and cash free basis.
It is anticipated that, subject to any necessary regulatory approvals,
completion will take place on 1 May 2000.

Laser Diode manufactures emitters, receivers and ruggedized modules for the
fibre optic communications industry, and a range of high energy, short-pulse
duration diode lasers.

Ian Norris, Morgan's Chief Executive, commented:

'We are pleased to be able to announce another transaction with Tyco following
on from the recent successful sale of our Power Industry Products division.
The sale of Laser Diode continues the strategy of refocusing Morgan around our
core business areas.'


Enquiries:

Stephen Breslin                Brunswick Group                 020 7404 5959