SNR Senior Plc

RNS Number:4091F
Senior PLC
18 June 2001


18 June 2001



SENIOR SELLS UK AIR SYSTEMS BUSINESS



Senior plc ("Senior") is pleased to announce that it has sold its UK Air
Systems business, Senior Air Systems, to Eaton-Williams Group Limited, a UK
subsidiary of Nortek Inc., a US based Company.

Senior Air Systems, part of the Group's Specialised Industrial Division, is a
manufacturer of air handling and air distribution products. The divestment was
effected through the sale of the trade, fixed assets and inventory of the
business.

In the year to 31 December 2000, Senior Air Systems reported a loss of #0.7m
(before exceptional costs of #0.9m) on turnover of #12.7m. The sale proceeds
of #0.9m, plus #0.6m from the realisation of debtors over liabilities, will be
used to reduce the Group's borrowings. The disposal will result in a loss of #
0.9m in addition to writing-off #3.5m of goodwill previously set-off against
reserves.

Commenting on the disposal, Graham Menzies, Group Chief Executive said:

"Senior Air Systems has a strong market position and will fit well with the
acquirer. The sale, together with the disposal of the Polenz business in
March, is in line with Senior's strategy to focus on its Aerospace and
Automotive businesses".

For further information please contact:
Senior plc

James Kerr-Muir, Chairman                                  01923 714702

Graham Menzies, Group Chief Executive                      01923 714702

Mark Rollins, Group Finance Director                       01923 714738
Finsbury Limited                                           020 7251 3801

James Murgatroyd/Morgan Bone

Internet users will be able to view this announcement, together with other
information about Senior plc, on the web site: www.seniorplc.com You may
receive further Senior plc News Releases by post fax or e-mail. If you would
like to change from the current method please contact Lisa Johnstone at
Finsbury Limited, at the telephone number above, or e-mail your request to her
at Lisa.Johnstone@finsbury.com

Note to the Editors:

Senior is an international manufacturing group with annual sales of around #
500m and with operations in 18 countries.

Senior designs, manufactures and markets high technology components and
systems for the principal original equipment producers in the worldwide
aerospace, automotive and specialised industrial markets.

Senior's policy is to enhance shareholder value by improving operating
performance and customer service levels and by developing its market positions
in the aerospace and automotive industries.

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