AGM Statement

Senior PLC
16 April 2004

16 April 2004

Senior plc

ANNUAL GENERAL MEETING - CHAIRMAN'S STATEMENT

At the Annual General Meeting of Senior plc today, the Chairman, Mr James
Kerr-Muir, said:

'Senior delivered a resilient performance during 2003 in the face of continued
weakness in the commercial aerospace market and a number of programmes ending in
the automotive division. The lower level of debt at the year-end of £64m
represents a reduction of £100m over the past three and a half years and puts
the Group on a secure footing for the future. Product development gathered
momentum, with programme wins on the A380 and the Joint Strike Fighter and much
increased engineering resource being invested in developing new products for the
North American heavy truck diesel engine manufacturers.

The aerospace industry is now showing early signs of recovery. Whilst defence
remains steady, it appears that demand in the civil sector may be starting to
improve from the low levels seen during 2002 and 2003. The first quarter has
also seen significant progress continuing to be made in the North American heavy
truck diesel market. The first production programmes have been won, with many
more currently in the quotation, prototyping and testing stages. As a result,
capital expenditure is expected to increase.

Although the Group is beginning to experience increased metal raw material
prices, trading is in line with the Board's expectations.

Richard Turner, who has been a non-executive Director of the Group for nearly
eight years, had previously announced that he would retire at the end of this
meeting. The recruitment process for a new non-executive Director is at an
advanced stage and Richard has now kindly agreed to stay on until the
appointment has been finalised.'


Enquiries:

Senior plc      Graham Menzies     Group Chief Executive     01923 714702
                Mark Rollins       Group Finance Director    01923 714738

Finsbury        Charlotte Hepburne-Scott / Gordon Simpson    020 7251 3801


This announcement, together with other information about Senior plc, can be
found at: www.seniorplc.com


Note to Editors:

Senior is an international manufacturing group with operations in 12 countries.
Senior designs, manufactures and markets high technology components and systems
for the principal original equipment producers in the worldwide aerospace,
automotive and specialised industrial markets.



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