RNS Number:7420I
L. Gardner Group PLC
14 March 2003



L. Gardner Group Plc announces that at the Extraordinary General Meeting
requisitioned by shareholders, held on Thursday 13 March 2003 all of the
ordinary resolutions set out in its notice of Extraordinary General Meeting
dated 19 February 2003 were passed.


The Company also announces that following expiry on 7 March 2003 of the
exclusivity agreement entered into with ABN Amro Capital on 17 February 2003,
negotiations continue with ABN Amro Capital for the acquisition of a number of
the Company's subsidiaries which together comprise the whole of the Group's
aerospace division.   It is hoped that a transaction will be concluded within
the next week, at which time a further announcement will be made.


Pending conclusion of the negotiations relating to the Group's aerospace
division the Company is unable to publish audited results for the year to 31
August 2002.  Draft figures for the Group in respect of the year ended 31 August
2002 show a loss on ordinary activities before taxation (and before exceptional
items and amortisation of goodwill) of #7,451,000 on a turnover of #85,839,000.


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