Umeco plc, a leading international provider of value-added services, components and composite materials primarily to the aerospace & defence industry, announces that its Repair and Overhaul division subsidiary AEM Limited ("AEM") has acquired the entire share capital of Aeromedic Innovations Limited ("Aeromedic Innovations") from Mr Lawrence Harding, its founder and sole shareholder.

Aeromedic Innovations supplies, maintains and overhauls on-board medical kits and therapeutic oxygen equipment principally to airlines. The business is highly complementary to AEM's safety equipment business unit, which manufactures the oxygen equipment sold by Aeromedic Innovations.

Aeromedic Innovations is based in Uxbridge and employs 12 staff including Mr Harding who will remain with the company.

The purchase price is £2.1 million payable in cash on completion. Additional consideration of up to £0.7 million is payable based on the performance of Aeromedic Innovations in the year ending 31 March 2006.

Clive Snowdon, Chief Executive of Umeco plc, commented:

"Aeromedic Innovations is a quality company that is a perfect fit with our existing safety business in the Repair and Overhaul division. It is well regarded by its customers in the airline industry and continues our strategic aim to expand that division. It further enhances our repair and overhaul offering following the acquisition of Aviation Windings in August."

For further information, please contact:

Umeco plc
Clive Snowdon, Chief Executive 01926 331800

Hogarth Partnership Ltd
John Olsen / Barnaby Fry 020 7357 9477