AGM Statement

Spirax-Sarco Engineering PLC
13 May 2004



                                                                   13th May 2004


SPIRAX-SARCO ENGINEERING PLC


AGM STATEMENT


The Chairman, Tim Fortune, at today's AGM of Spirax-Sarco Engineering plc, said:


'You have all been sent a copy of the annual report and accounts which includes
a detailed statement on the performance for the year ended 31st December 2003.
It also outlines the reasons for our good performance, the intrinsic strengths
of the business and why we are confident about the long term future of the
Group.  As far as 2004 is concerned, I have nothing to add to the 'Prospects'
paragraph included in my statement which was written relatively recently in
March.  You may remember that I concluded by saying 'In recent months, exchange
rate movements have been unfavourable which, if maintained, will naturally
affect our profits in 2004.  Subject to exchange rates, given the fundamental
strengths of the Group, we expect to make further progress in 2004.'

                                     -Ends-

Enquiries:


David Meredith, Finance Director

Spirax-Sarco Engineering plc

Tel: [phone]


Toby Mountford / Seb Hoyle

Citigate Dewe Rogerson

Tel: [phone]

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