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: 01242 521 361 Toby Mountford / Seb Hoyle Citigate Dewe Rogerson Tel: 020 7638 9571 This information is provided by RNS The company news service from the London Stock Exchange
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