RNS Number:8661X
Metalrax Group PLC
22 April 2004


METALRAX GROUP PLC

In strong position to maintain investment programme - Annual Report 2003

"The availability of substantial cash resources leaves us in a strong position
to maintain our programme of investment in versatile manufacturing plant and
equipment" says Mr Eric Moore, chairman of engineering specialists Metalrax
Group PLC, in the annual report posted to shareholders today.

"At the same time we shall retain the flexibility to consider suitable
acquisitions when they are brought to our attention".

Commenting on the year's results, showing operating profits from continuing
group companies increased to #12.26m from #11.82m, Mr Moore says that trading
profits were higher than the previous year in all except four of the forty years
in which the company's shares have been listed.

In engineering and storage products "Product development has remained at the
forefront of strategic planning, leading to the inclusion of a new range of
plastic containers and additions to the very successful Speedrax shelving
concept".

In housewares "An increasingly aggressive and imaginative series of new product
launches and promotions is in hand for the year ahead".

For the future "We have the resilience, financial strength and comprehensive
product ranges to take advantage of additional opportunities as they become
available".

ENDS

Further information: Mr Eric Moore, chairman, Tel: 0121-433 3444

Note:
A copy of the report and accounts document has been submitted to the UK Listing
Authority and will be available for public viewing from 22nd April 2004


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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