SWP Swp Grp.

RNS Number:4566W
AIM
27 May 2002


ANNOUNCEMENT TO BE MADE BY AIM APPLICANT AT LEAST 10 BUSINESS DAYS PRIOR TO ADMISSION
ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME:

SWP Group Plc

COMPANY ADDRESS:

4th Floor
3 Bedford Street
London

COMPANY POSTCODE:

WC2E 9HD
COUNTRY OF INCORPORATION:
England

COMPANY BUSINESS:

SWP Group Plc operates through three autonomous trading subsidiaries each of which is a supplier of specialist products
to the construction industry:

Fullflow Group designs, manufactures and installs syphonic roof drainage systems.
Crescent of Cambridge manufactures and installs custom-designed spiral and helical staircases.
DRC Polymer Products is a supplier of polymer based sheet materials, generally for use in the roofing and structural
waterproofing industries.

DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price):

333,440,628 ordinary shares of 2 pence each

CAPITAL TO BE RAISED ON ADMISSION:

£Nil

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:

Robert Michael Muddimer, Non-executive chairman
Alan Graham Smith, Executive director
James Alan Fairley Walker, Director of Finance and Company Secretary

PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL
STATING WHETHER BEFORE OR AFTER ADMISSION:

Francis Bell - 60,898,842 ordinary shares (18.26%)
Alan Smith - 16,932,500 (5.08%)
HSBC equity Ltd - 15,651,462 (4.69%)
Robert Stickings - 10,140,000 (3.04%)
Alan Walker - 10,057,500 (3.02%)

NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES.

None

ANTICIPATED ACCOUNTING REFERENCE DATE:

30 June

NAME AND ADDRESS OF NOMINATED ADVISER:

KBC Peel Hunt Ltd
62 Threadneedle Street
London
EC2R 8HP

NAME AND ADDRESS OF BROKER:

KBC Peel Hunt Ltd
62 Threadneedle Street
London
EC2R 8HP

DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS
WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES.

No admission document is required

DATE OF NOTIFICATION:

27 May 2002

NEW/ UPDATE (see note):

New

LISTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:

DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS
INVESTMENT STRATEGY:

The directors intend to invest in the development of each of the three businesses with a view to disposing of them in
the medium term.  The directors intend to acquire, probably through a reverse take-over a large business operating in a
sector which is more highly rated by investors and investment analysts alike.

A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE APPLICANT, WHICH HAS OCCURRED SINCE THE
END OF THE LAST FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED OR AN APPROPRIATE NEGATIVE STATEMENT:

None, other than as disclosed in SWP Group's interim results for the 6 months ended 31 December 2001

A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT ITS WORKING CAPITAL WILL BE INSUFFICIENT
FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION:

The directors have no reason to believe that, taking into account SWP Group's available bank and other facilities, the
working capital available to it will be insufficient for at least the 12 months from the date of its admission.

DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES:

None


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