TIDMAPI 
 
28 January 2011 
 
 
                                 API Group plc 
 
            Disposal of Group's 51% interest in China Joint Venture 
 
 
API  Group plc ("API" or  the "Group") is pleased  to announce completion of the 
sale  of its interest in Shanghai Shen Yong Stamping Foil Co. Ltd, its 51%-owned 
foil manufacturing operation based in Shanghai, China. 
 
The  interest has been  acquired by a  subsidiary of the  Group's former Chinese 
partner in the joint venture for a cash consideration, net of disposal costs, of 
US$2.8m. 
Value obtained from the transaction is in line with the treatment of assets held 
for  disposal in  the Interim  Accounts for  the six  months ending 30 September 
2010. 
A strategic review of the Group's investment in China was announced as part of a 
trading  update on 7 May 2010.  On a fully consolidated basis, the unit recorded 
operating  losses of   GBP2.6m and   GBP2.4m in  the twelve  month periods to 31 March 
2009 and  31 March 2010 respectively.  Losses for the six months to 30 September 
2010, classified under "Discontinued Operations", amounted to  GBP1.0m. 
Proceeds  from the sale will  be used to pay  down the remaining portion of high 
interest bearing debt, which forms part of the Group's main UK lending facility. 
API  will  continue  to  develop  its  foils  business  in  China, and Asia more 
generally, through its trading office in Hong Kong and its distribution partners 
located throughout the region. 
 
For further information, please contact: 
 
 API Group plc                          Tel: +44 (0) 1625 650334 
 
 Andrew Turner, Group Chief Executive 
 
 Chris Smith, Group Finance Director 
 
 Jane Hyndman, Company Secretary 
 
 
 Cairn Financial Advisers LLP           Tel: +44 (0) 20 7148 7900 
 
 Tony Rawlinson / Liam Murray 
                                        Tel: +44 (0) 20 7260 1000 
 Numis Corporate Broking 
 James Serjeant 
 
 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: API Group PLC via Thomson Reuters ONE 
 
[HUG#1483183]
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