Chairman's Statement

Spirax-Sarco Engineering PLC 27 April 2000 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 my statement. I have nothing to add to the paragraph on 'Prospects', which was only written last month, in which I said that there is good potential for the Spirax Sarco and Watson-Marlow Bredel businesses to grow through the increase of both geographical and product market share. Sales increased in the second half of 1999, and 2000 has started positively. Given continuation of the recent trading environment, we would expect to see good growth in 2000 by building on our technical and commercial strengths, from the resilience of our steam and peristaltic pump businesses, through progress in the USA and by capitalising on our recent investments.' Enquiries Marcus Steel or David Meredith Chief Executive Finance Director Tel: 01242 521361
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