Disposal

Worthington Group PLC 28 March 2000 Worthington announce today the sale of B S Dollamore, their extrusion, weaving and quilting division, to Streamline Products Limited, a company controlled by Brian Dollamore, the division's managing director. The consideration is to be the equivalent of the division's net asset value as at today's completion date (excluding cash and inter-company balances but with the freehold property included at a revalued amount of £425,000). A payment on account of £772,375 will be made today, which equates to the corresponding net asset value as at 29 February 2000. An adjustment will be made to the consideration on or by 28 April 2000 to take into account the relevant net asset value as at today's completion date. All the proceeds will be used to further reduce the Group's borrowings. The equivalent net assets as at 31 March 1999 were £747,400 and the pre tax profit for the year ended 31 March 1999 was £116,000. This disposal follows the Board's commitment to significantly reduce its exposure to certain parts of the textile sector. For further information contact: J R Taylor, Worthington Group plc 01274 200700
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