Acquisition of Titan Dynamics Systems, Inc.

    FOR IMMEDIATE RELEASE 24 JANUARY 2008

                              CHEMRING GROUP PLC                               

                  ACQUISITION OF TITAN DYNAMICS SYSTEMS, INC.                  

Chemring Group PLC ("Chemring") announces that it has conditionally agreed to
acquire the entire issued share capital of Titan Dynamics Systems, Inc.
("Titan") from The Allied Defense Group, Inc for a cash consideration of $4.75
million.

Titan, based in Marshall, Texas, USA, is a leading manufacturer of battlefield
effects simulators ("BES"), which are incorporated into the US Army's and
Marine Corps' digital training ranges. Under a five year contract operated by
the US Program Executive Office, Simulation, Training and Instrumentation
(PEOSTRI), Titan supplies proprietary launchers and cartridges to provide
realistic simulation for "force on target" training. Titan also has a range of
simulators to meet the evolving training requirements from current deployments.
These include a range of Improvised Explosive Device ("IED") effects
simulators, and a missile launch simulator which replicates the characteristics
of shoulder-launched weapons against land or air targets.

The acquisition of Titan builds on Chemring Defence's current range of
conventional and cartridge-based military training pyrotechnics, and adds the
ability to design, qualify and manufacture launchers which are integrated with
training systems operated by the US military and selected training service
providers. The combination of Titan's BES range with Chemring Defence's
multi-effects cartridge system (MECS) means that Chemring can offer a full
range of effects from IEDs to micro-pyrotechnics, which can be used indoors for
training in urban warfare.

The acquisition has been funded utilising existing bank facilities. Completion
is conditional upon, inter alia, the expiry of the thirty day waiting period
imposed by an Exon-Florio filing in the US.

Commenting on the acquisition, David Price, Chief Executive of Chemring, said:

"The acquisition of Titan is an important step to consolidate our leading
position in the battlefield effects stimulation market, which is a specialist
niche worth about �90 million per year. The combination of Titan and Chemring
Defence offers a complete range of advanced pyrotechnic simulators, which are
essential to train forces effectively for the range of threats they are likely
to face in modern operations."

For further information:

Dr David Price Chief Executive, Chemring Group PLC 01489 881880

Paul Rayner Finance Director, Chemring Group PLC 01489 881880

Rupert Pittman Cardew Group 0207 930 0777



END

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