FOR IMMEDIATE RELEASE 20 November 2002

                              CHEMRING GROUP PLC                               

POLICE AND CUSTOMS & EXCISE TO TAKE NO FURTHER ACTION OVER BBC LANDMINE
ALLEGATIONS

The Derbyshire Constabulary, the Crown Prosecution Service and HM Customs &
Excise have confirmed that, following a full investigation, there are no
grounds for taking any further action regarding the BBC allegations that PW
Defence Ltd, a subsidiary of Chemring Group PLC ("Chemring"), was in breach of
the Landmines Act 1998. The authorities made a particular point of thanking
Chemring and PW Defence Ltd for their co-operation in the enquiry.

"The original allegations were without foundation. We have never manufactured
or sold products for use as landmines," said David Evans, CEO of Chemring. "We
told the BBC this at the time but they still proceeded with the broadcast. As a
result, a great deal of public and private money has been wasted in this
pointless investigation and damage has been done to our reputation and our
business. Now that Chemring has been exonerated as a result of the Police and
Customs & Excise enquiry, we hope the BBC will set the record straight and
ensure their allegations are not repeated. We are in discussions with our
lawyers about the damage that these unfounded allegations have already caused."

Chemring is an international leader in defensive countermeasures, signalling
and training pyrotechnics, marine safety products, and aerospace
interconnection solutions.

For further information:

David Evans Chief Executive, Chemring Group PLC 01489 881880

Jonathan Rooper CardewChancery 0207 930 0777



END



Chemring (LSE:CHG)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024 Chemring 차트를 더 보려면 여기를 클릭.
Chemring (LSE:CHG)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024 Chemring 차트를 더 보려면 여기를 클릭.