RNS No 1398r
CHEMRING GROUP PLC
4th February 1999


   CHEMRING GROUP PLC : STATEMENT REGARDING SHARE PRICE MOVEMENT
   -------------------------------------------------------------

The board of Chemring announces that it has received an approach
from a third party.  This approach is being evaluated and may or
may not lead to an agreed offer for the company.

Enquiries
---------

Lazard Brothers & Co., Limited          Tel:      0171 588 2721
------------------------------

Christopher Fisher


END

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