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UCM Group PLC (UCM)

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Wednesday 04 April, 2001

UCM Group PLC

Preliminary Results

UCM Group PLC
4 April 2001

                         UCM Group PLC
                    ('UCM' or 'the Group')

    Preliminary Results for the Year Ended 31 December 2000

                  PROFITS REACH £4.7 MILLION

UCM, the leading provider of speciality fused minerals, today
announces its preliminary results for the year ended 31
December 2000.

Financial Highlights
Continuing Operations
                              Year ended 31     Year ended 31
£ Millions                    December 2000     December 1999
                                               
Turnover                               35.0              30.0
Profit before tax and                   
 exceptional items                      4.7               3.6
Earnings per share*                   13.2p              9.3p
Total dividend                         7.2p              6.0p

*  Basic and diluted earnings per share in respect of the year
ended  31  December  2000  are  identical  and  there  are  no
exceptional  items. Basic and diluted earnings  per  share  in
respect  of the year ended 31 December 1999 are identical  and
take into account exceptional items.

Key Achievements

>   Profit before tax reaches £4.7 million.

>   Earnings per share growth in excess of 40% on a like for
    like basis..

>  Final dividend of 5p giving a total 7.2p, a 20 % increase
   over 1999.

>  Major investment programme bears fruit.

>  Advanced ceramics products developing strongly.

>  Gearing  level maintained after £1.7 million share  buy-
   back programme

John  Gordon,  Chairman said, 'The year 2000 was an  excellent
one  for  the  Group, with substantial increases  in  profits,
earnings   per   share   and  dividends.   Our   strategy   of
concentrating  on  higher  value added  products  and  markets
underlies  this result and we are confident that the long-term
investment  in growth areas, together with exciting  strategic
opportunities,  will  underpin strong performances  in  future
years'.
                               
Enquiries:

UCM Group PLC                       (On the day) 020 7601 1000
John Gordon, Chairman                (Thereafter) 01785 223122
Bob Hughes, Chief Executive
Melvyn Fookes, Group Finance Director

Square Mile BSMG                                 020 7601 1000
John Stanley or Alex White


                                                  4 April 2001
                                                              
                         UCM Group PLC
                    ('UCM' or 'the Group')
                               
    Preliminary Results for the Year Ended 31 December 2000


                      CHAIRMANS STATEMENT

The  year  2000 has been an excellent one for the  UCM  Group,
with substantial increases in profits, earnings per share  and
dividends.

Profit  before  taxation of £4.7 million for  the  year  is  a
record for the Group and compares with a loss of £885,000  for
1999, principally caused by the closure of the Group's alumina
operations in that year.  Turnover for 2000 was £35.0  million
compared  to  £30.1  million for 1999 (excluding  discontinued
operations), an increase of 16.2 per cent.  Earnings per share
for  2000  of 13.2p represent an increase of 42 per cent  over
the 9.3p recorded for 1999, before exceptional items.

Trading

The  improvement in the market for electrical  grade  magnesia
powders for domestic and industrial appliances seen at the end
of  1999  continued through the first half of  2000,  although
there  were  signs of a flattening in demand in the  last  few
months  of  the  year.   Increasingly,  appliances  are  being
sourced from the Far East and the Group's significant increase
in  turnover  into  this region reflects its determination  to
maintain  its leadership position in this market.  We continue
to  invest  in our magnesia plants both in the United  Kingdom
and   the   United   States  to  achieve   further   operating
efficiencies.

Sales  of  zirconia  powders by the Group  increased  in  2000
compared  to 1999.  This was assisted by improved demand  from
the  steel industry for refractory products for the continuous
casting  of steel.  There has also been useful growth in  some
smaller markets, notably investment castings.

Fine  zirconia powders for technical applications, principally
in  the automotive industry, produced by our subsidiary Unitec
Ceramics Limited in Stafford, have again experienced increased
turnover.   It is pleasing that our major investment  in  this
activity  over  the  last  few years  has  been  justified  by
continuing growth.

Buy Back of Ordinary Shares

Following  the approval by shareholders at last year's  Annual
General Meeting of the proposal to permit the company  to  buy
back its shares, 2,030,000 shares were bought back through the
market  at a cost of £1,670,000 representing 7.8 per  cent  of
the  total  issued share capital.  These shares were purchased
well  into the year and, whilst some impact has been  seen  on
earnings  per share as a result of this, the full  enhancement
will  be  seen  in  2001.   Permission  will  be  sought  from
shareholders  at  the forthcoming Annual General  Meeting  for
share buy backs to continue in the coming year, although  this
will only be done if there continues to be a clear benefit  to
the Group in doing so.

Dividends

In view of the Group's excellent performance for the year, the
Board  is  recommending a final dividend  of  5.0p  per  share
(1999:  4.0p), which makes a total for the year of 7.2p (1999:
6.0p), an increase of 20 per cent.

Staff

It  is  invigorating  for everyone in the Group  that,  having
exited  the  alumina business, we are now engaged in  business
areas  where  we are either the market leaders  or  have  real
growth  prospects  and,  in  one  or  two  cases,  both.   The
outstanding results for the year show how well the  people  of
the  UCM Group have risen to this challenge and, so, on behalf
of  shareholders,  thanks go to everyone concerned  for  their
contribution to this year's success.

Outlook

The  excellent performance in the year emphasises the  success
of  our  strategy.  Although in the Group's  areas  of  market
leadership  performance will depend  to  some  extent  on  the
health of those markets, the Board is confident that the  long
term  investment  in  growth  areas,  together  with  exciting
strategic  opportunities,  will underpin  strong  performances
from the Group in future years.

3rd April 2001
                               
Enquiries:

UCM Group PLC                       (On the day) 020 7601 1000
John Gordon, Chairman                (Thereafter) 01785 223122
Bob Hughes, Chief Executive
Melvyn Fookes, Group Finance Director

Square Mile BSMG                                 020 7601 1000
John Stanley or Alex White

Notes to Editors

UCM manufactures a range of speciality fused mineral products.
Standard  zirconia is principally used in the  manufacture  of
high  integrity  refractory products, which are  used  in  the
production  of  steel,  magnesia  products  are  used  in  the
manufacture  of  heating  elements  for  the  industrial   and
domestic appliance markets and advanced ceramic materials with
a variety of technical applications.

For further information on the UCM Group visit its web site at
www.ucm-group.com

Consolidated Profit and Loss Account
for the year ended 31 December 2000

                          Continuing   Continuing    Discontinued   
                          operations   operations      operations       Total
                                2000         1999            1999        1999 
                                £000         £000            £000        £000
                                                               
Turnover                       34968        30084           10164       40248
                                                               
Cost of sales                 (25566)      (22022)          (9527)     (31549)
------------------------------------------------------------------------------
Gross profit                    9402         8062             637        8699
                                                               
Net operating expenses                                         
(including exceptional                                         
costs in 1999 of £500000  
charged against
continuing operations)         (4227)       (3647)          (1453)      (5100)
------------------------------------------------------------------------------
Operating profit/(loss)         5175         4415            (816)       3599
                                                               
Exceptional loss on                                            
termination of alumina    
operations                         -            -           (4015)      (4015)
------------------------------------------------------------------------------
Profit/(loss) on                                               
ordinary activities       
before interest                 5175         4415           (4831)       (416)
                                         ----------------------------         
Interest payable and      
similar charges                 (435)                                    (469)
                          --------------                          ------------
Profit/(loss) on                                               
ordinary activities      
before taxation                 4740                                     (885)
                                                               
Taxation on ordinary      
activities                     (1437)                                    (524)
                          --------------                          ------------
Profit/(loss) for the     
financial year                  3303                                    (1409)
                                                               
Dividends paid and        
proposed                       (1737)                                   (1557)
                         ---------------                          ------------
Retained profit/(loss)                                         
for the financial year          1566                                    (2966)
                         ---------------                          ------------
Earnings/(loss) per                                            
ordinary share
                                                               
Basic and diluted              13.2p                                    (5.4p)
                        ----------------                          ------------
Before exceptional items                                            
                                  
Basic and diluted              13.2p                                     9.3p
                        ----------------                          ------------
                                      

Consolidated Balance Sheet
as at 31 December 2000

                                         2000                    1999
                                   £000        £000       £000        £000
Fixed assets                                                 
                                                             
Intangible assets                               156                    168
Tangible assets                               12391                  12181
                                         -------------           ------------ 
                                              12547                  12349
Current assets                                               
                                                             
Stocks                             7233                   5921        
Debtors                            8937                   9435        
Cash at bank and in hand            640                    197         
                             --------------           -----------
                                  16810                  15553       
                                                             
Creditors: amounts        
falling due within
one year                         (10560)                 (9585)    
                             --------------           -----------             
      
Net current assets                             6250                   5968
                                          -------------          -------------

Total assets less                    
current liabilities                           18797                  18317
                                                             
Creditors: amounts                  
falling due after
more than one year                            (1199)                 (1394)
                                                             
Provisions for                      
liabilities and charges                        (867)                  (802)
                                          --------------         -------------
Net assets                                    16731                  16121
                                          --------------         -------------
                                              
Capital and reserves                                         
                                                             
Called up share capital                        1196                   1298
Share premium account                          8392                   8392
Capital redemption reserve                      218                    116
Revaluation reserve                            1050                   1068
Profit and loss account                        5875                   5247
                                          --------------         -------------
Shareholders' funds - equity                  16731                  16121
                                          --------------         -------------
                                                             

Consolidated Cash Flow Statement
for the year ended 31 December 2000

                                          2000                    1999
                                   £000        £000         £000      £000
                                                         
Net cash inflow from                                          
operating activities                           4876                   5515

Returns on investments and
servicing of finance
                                                         
Interest paid                                  (434)                  (482)
                                                         
Taxation                                                 
                                                         
UK Corporation tax
received/(paid)                     211                     (739)
                                                         
Overseas tax paid                  (580)                    (358)      
                              -------------            --------------         
                                               (369)                 (1097)
                                                         
Capital expenditure                                      
                                                         
Payments for tangible 
fixed assets                      (1052)                  (1367)

Receipts from sale                                       
of tangible fixed assets              -                     610
                              -------------            --------------
                                              (1052)                 (757)
                                                         
Equity dividends paid                         (1579)                (1505)
                                        --------------          --------------
                                                  
Cash inflow before financing                   1442                  1674
           
Financing                                                
                                                         
Purchase of own shares            (1670)                      -          
              
Repayment of                                             
amounts borrowed                   (189)                   (180)
                                                         
Short term borrowings              1020                    (981)      
                            --------------           ---------------
                                               (839)                (1161)
                                        ---------------          -------------
Increase in cash in the year                    603                   513
                                        ===============          =============
                                                         

Segmental Information

                               Continuimg    Continuing  Discontinued    
                               operations    operations    operations   Total
                                     2000          1999          1999    1999
                                     £000          £000          £000    £000
Turnover can be analysed as                                
follows:
                                                           
by destination                                             
                                                           
United Kingdom                       2522          2466          7201    9667
North America                       10131          8675            39    8714
Continental Europe                  13648         12921          2767   15688
Central and South America             764           727             -     727
Asia                                 7031          4296             -    4296
Rest of World                         872           999           157    1156
------------------------------------------------------------------------------
                                    34968         30084         10164   40248
------------------------------------------------------------------------------
                    
by origin                                                  
                                                           
United Kingdom                      19065         16554         10164   26718
North America                       15903         13530             -   13530
------------------------------------------------------------------------------
                                    34968         30084         10164   40248
------------------------------------------------------------------------------
                                                         
                                                           
by market                                                  
                                                           
Domestic & Industrial               20983         19017             -   19017
Appliances
Steelmaking                          6306          4697          4288    8985
Automotive                           5273          4345             -    4345
Investment Casting                    379           198             -     198
Engineered Ceramics                   803           709             -     709
Other Industrials                    1224          1118          5876    6994
------------------------------------------------------------------------------
                                    34968         30084         10164   40248
------------------------------------------------------------------------------
                                
Net assets can be analysed as                              
follows:
                                                           
by origin                                                  
                                                           
United Kingdom                      14138         13013           519  13532
North America                       10706          9249             -   9249
------------------------------------------------------------------------------
                                    24844         22262           519  22781
                                                           
Non Operating Liabilities           (8113)        (6660)            -  (6660)
------------------------------------------------------------------------------
                                    16731         15602           519  16121
------------------------------------------------------------------------------
                   
by market                                                  
                                                           
Domestic & Industrial               15136         13065             -  13065
Appliances
Steelmaking                          4742          4909             -   4909
Automotive                           2939          2427             -   2427
Investment Casting                    576           620             -    620
Engineered Ceramics                   463           323             -    323
Other Industrials                     988           918           519   1437
------------------------------------------------------------------------------
                                    24844         22262           519  22781
                                                           
Non Operating Liabilities           (8113)        (6660)            -  (6660)
------------------------------------------------------------------------------
                                    16731         15602           519  16121
------------------------------------------------------------------------------
 
Non operating liabilities include net cash/(borrowings), taxation
balances and dividends payable.

Market sectors

Having  reviewed  the  base products and their  applications  the
Directors  considered  it  appropriate to  re-define  the  market
sectors  against which turnover and net assets are  reported,  so
that   the  segmental  information  provided  gives  an  improved
understanding  of the impact on the Group from changes  in  those
relevant markets.

Results

In  the  opinion of the Directors the disclosure  of  results  by
market and geographical origin would be seriously prejudicial  to
the interests of the Group.

NOTES:

1.The  financial  information  set  out  above  does  not
constitute  the  Company's statutory accounts  for  the  years
ended  31 December 2000 and 1999 within the meaning of section
240  of  the  Companies  Act 1985 but is  derived  from  those
accounts.  Statutory accounts for 1999 have been delivered  to
the  Registrar  of Companies whereas those for  2000  will  be
delivered following the Company's annual general meeting.  The
auditors  have reported on those accounts; their reports  were
unqualified  and  did  not contain a statement  under  section
237(2) or (3) of the Companies Act 1985.

These  financial  statements were approved  by  the  Board  of
Directors on 3rd April 2001

2.Earnings per ordinary share is calculated with reference
to   the  profit  attributable  to  ordinary  shareholders  of
£3,303,000  (1999: loss £1,409,000) and the  weighted  average
number  of  ordinary  shares  in  issue  during  the  year  of
24,986,443  (1999: 25,951,307).  There is no dilution  in  the
earnings  per  share  in  both the reporting  period  and  the
comparative year of 1999.

In  1999  given the significance of the exceptional costs  the
earnings  per share has also been stated prior to such  costs.
It   has   been  calculated  with  reference  to  the   profit
attributable to ordinary shareholders before exceptional items
of  £2,423,000 and the weighted number of ordinary  shares  in
issue during the year of 25,951,307.

3.If  approved a final dividend of 5.0p (net) per ordinary
share  will  be paid on 25th May 2001 to shareholders  on  the
register at 11th May 2001.

4.The annual general meeting will be held on 16th May 2001,
at  the  offices of Hammond Suddards Edge, Rutland House,  148
Edmund Street, Birmingham B3 2JR.

5.Copies of the 2000 Report and Accounts will be  sent  to
shareholders in due course.  Further copies will be  available
from  the  Company's registered office at Doxey Road, Stafford
ST16 1DZ.