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Elementis PLC (ELM)

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Monday 03 September, 2007

Elementis PLC


Elementis PLC
03 September 2007

3 September 2007

Elementis announces completion of sale of its Global Pigments Business

Elementis plc is pleased to announce that the sale of its Global Pigments
business was completed on 31 August 2007. The sale, announced on 11 May 2007,
was subject to regulatory approvals including a filing under the
Hart-Scott-Rodino Act in the United States. Clearance to complete was received
during August.

The proceeds from the sale (on a cash and debt free basis) were US$140 million
(£70 million) and will initially be used to pay down debt.

David Dutro, Chief Executive of Elementis, commented: 'The expeditious
completion of this transaction was one of our stated goals for the second half
of the year and leaves us well positioned to focus on growing our Specialty
Products business.'


Elementis plc                 Tel: +44 (0) 207 408 9300
David Dutro                   Chief Executive
Brian Taylorson               Finance Director

Financial Dynamics            Tel: +44 (0) 207 831 3113
Andrew Dowler
Greg Quine

                      This information is provided by RNS
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