RNS Number:3918A
Metalrax Group PLC
01 July 2004

Issued on behalf of Metalrax Group PLC
Date: Thursday, 1 July 2004
                                                               IMMEDIATE RELEASE


                        METALRAX GROUP PLC ("Metalrax")
         Acquisition of Premier Stairways Limited ("Premier Stairways")


Metalrax today announces that it has acquired the entire issued share capital of
Premier Stairways, a specialist supplier of high quality architectural metalwork
to the construction industry, based in Kings Norton, Birmingham.

The initial consideration payable is #1,330,000 (subject to adjustment if the
net assets at completion are greater or less than #1,000,000).

Further consideration is payable, subject to a maximum of #500,000, depending
upon the net profits of Premier Stairways for the years ending on the first and
second anniversaries of the completion date.

In the year ended 30 June 2003, Premier Stairways made a pre-tax profit before
dividend of #316,000 on a turnover of #2,459,000 and as at that date had net
shareholders' funds of #719,000.

The two existing Directors of Premier Stairways will remain with the company and
have entered into new service agreements.

Metalrax view this acquisition as an investment in a new market which will
further expand and diversify the group's trading and synergies with existing
businesses and provide future growth potential.


Enquiries:
Richard Arbuthnot                 Fiona Tooley
Chief Executive                   Citigate Dewe Rogerson Ltd
Metalrax Group PLC                Tel: 0121 455 8370
Tel: 0121 433 3444                Mobile: 07785 703523




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

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