CHG Chemring Group Plc

    FOR IMMEDIATE RELEASE 14 NOVEMBER 2007

                              CHEMRING GROUP PLC                               

                             US PRIVATE PLACEMENT                              

Chemring Group PLC ("Chemring" or "the Group") announces that it has completed
a $150 million private placement of 10 year fixed interest loan notes in the US
with a number of institutional investors.

The loan notes will mature in 2017 and carry an interest rate of approximately
6.30%, a more favourable rate than the Group currently enjoys. The proceeds
will be used to repay existing dollar debt and will provide additional working
capital facilities for the Group.

Paul Rayner, Finance Director of Chemring, said:

"We are delighted that our first foray into the US private placement market has
been highly successful and has demonstrated the confidence of US investors in
the financial strength of the Group. The strengthening of our balance sheet
will give us greater flexibility as we continue to pursue our growth strategy."

For further information:

Paul Rayner Finance Director, Chemring Group PLC 01489 881880

Rupert Pittman Cardew Group 0207 930 0777



END

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