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GKN PLC (GKN)

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Thursday 02 November, 2000

GKN PLC

Redemption of 'B' Shares

GKN PLC
1 November 2000


Redemption of Non-Cumulative Redeemable 'B' Preference Shares

On 30 May 2000 GKN made a return of capital to holders of GKN Ordinary Shares by
way of a bonus issue of one non-cumulative redeemable 'B' preference share of
11.7 pence (''B' Share') for each Ordinary Share held. Following notice given to
'B' Shareholders on 29 September 2000, GKN has today redeemed the remaining
21,374,718 'B' Shares in issue for cash at their nominal value of 11.7 pence per
share.

Cheques for the redemption proceeds have today been sent to holders of
certificated and uncertificated 'B' Shares at their registered addresses.