RNS Number:7828I
CRC Group PLC
17 March 2003

CRC Group Plc ("CRC" or the "Company")



Retirement of a director



The board of CRC announces that Dr Michael Peagram, the Company's non-executive
chairman, has decided to retire as a director of the Company immediately prior
to the annual general meeting on 3 April 2003 ("AGM"). Dr Peagram has been a
director of the Company since 27 May 1999 and chairman since 1 February 2000.
During this period the Company has achieved dramatic growth, which has
established it as a market leader in "After Market Services" for technology
products. However, Dr Peagram now spends a considerable amount of time outside
the UK and wishes to concentrate on his other business interests. The board
would like to thank Dr Peagram for his significant contributions to CRC.



The board has agreed to appoint Mr David Ryan as the new non-executive chairman
with effect from immediately prior to the AGM. Mr Ryan is a managing director of
AEA Investors (UK) Ltd, a private equity fund specialising in buyouts of mid-cap
industrial companies. He was previously chief executive of CRC from November
1999 to May 2002 and has been a non-executive director of CRC since his
appointment at AEA in May 2002.



The strategy of the Company will be to continue to consolidate its leading
position in the UK market and grow further internationally, organically and by
value-creating acquisitions.



Enquiries

CRC Group Plc       Alan McLaughlin (Chief Executive Officer)      01844 261 900

                    Christopher Matthews (Finance Director)        01844 261 900


 Notes to editors




            1.     CRC, the AIM-listed "After Market Service" provider for
            technology products, provides integrated after-sales service
            solutions to customers in communications, media and information
            technologies. With strong competencies in state-of-the-art
            technologies, CRC is able to offer a menu of services to meet its
            clients' needs and build a solution to order.


            In its preliminary results for the year to 31 December 2002, the
            Company reported a 40 per cent. increase in operating profit (pre
            amortisation of goodwill and exceptionals) to #9.4 million (2001:
            #6.7 million) on turnover of #109.6 million (up 12 per cent. from
            #98.1 million in 2001). Pre-tax profits of #7.6 million in 2002
            represented an increase of 31 per cent. on 2001 and earnings per
            share were up 46 per cent. to 28.05p in 2002 (2001: 19.22p).

            The Company's strategy is to create high growth in value for its
            shareholders and opportunities for its employees by becoming the
            "After Market Service" supplier of choice for the leading brands in
            the communications, home gateway and IT sectors.


            2.     David Ryan joined CRC Group Plc as chief executive in
            November 1999. He was previously chief executive of the Hawker Group
            (part of Invensys Plc), a global energy storage products
            manufacturer supplying the IT, telecoms and logistics industries.



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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