Umeco continues to build Composite Division with Primco Acquisition

Umeco plc ("Umeco" or the "Group"), an international provider of supply chain services and advance composite materials primarily to the aerospace & defence industries, today announces the further expansion of its Composites division with the acquisition of George Cole Technologies Limited which trades as Primco ("Primco") for a cash consideration of £3.0 million.

Primco, a privately owned business based in Manchester, is a composite materials business that develops and manufactures a range of phenolic resin based pre-impregnated materials ('pre-pregs') used in aerospace, defence, industrial, medical and sporting applications. Primco holds a number of product qualifications including those related to Airbus interior materials.

The company, which has been established for over 40 years, is being acquired through Advanced Composites Group ("ACG"), a member of Umeco Composites. Primco's materials, manufacturing technologies and applications are highly complementary to those of ACG, and will further enlarge the Group's existing range of composite materials technologies and aerospace qualifications.

In the year ended 31st October 2007 Primco had sales of £5.4 million.

Umeco announced in September the completion of its acquisition of JD Lincoln ("JDL"), a composites business based in California. Similarly to Primco, JDL formulates and manufactures a range of phenolic resin based pre-pregs for aerospace, marine, medical, sporting, automotive and other extreme environment applications. Lincoln also has a wide range of qualifications, including those recently added for the Boeing 787 and the Airbus 380.

Clive Snowdon, Chief Executive of Umeco plc, commented:

"The Primco acquisition further illustrates the progress Umeco has achieved in delivering complementary growth to the Group both in the UK and overseas. It will enable us to offer our existing customers a wider range of material technologies, whilst allowing ACG to further consolidate its market leading position, in a continuously evolving composite arena.

"Primco offers good long term value-creating growth and we look forward to realising operating synergies as we integrate it into our existing business."

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For further information, please contact:

Umeco plc Clive Snowdon, Chief Executive 01926 331800

Hogarth Partnership Ltd John Olsen / Vicky Watkins 020 7357 9477

Further information on Primco is available at http:// www.primco.co.uk

Notes to Editors

Umeco plc

Umeco is a leading innovator in distribution and supply chain management to the aerospace and defence industries, harnessing new methods for enhancing its customers' performance and profitability.

Umeco also has significant manufacturing interests in advanced composite materials for a growing range of applications in its core aerospace and defence markets and in other high performance technology industries such as motor sport, automotive and wind energy.

Listed on the London Stock Exchange, Umeco had turnover of £333.9 million in the year to 31 March 2007.

Umeco is managed through two divisions:-

Umeco Composites - a provider of a complete range of advanced composite materials and specialist chemical products principally to the aerospace, motor sport, automotive and wind energy markets. A growing range of value-added outsourcing services is provided to major customers.

Customers include Boeing, Airbus, BAE SYSTEMS, Goodrich Aerostructures, British Airways, Lufthansa Technik, a number of manufacturers of high performance super cars and Formula 1 teams including Team McLaren Mercedes.

Umeco Supply Chain - a leading international provider of value-added distribution and supply chain outsourcing services to customers in the aerospace & defence market. With its specialisation in the supply of small components and sophisticated IT systems, its growing global customer base can enjoy significant operational, cost and working capital benefits.

Customers include Rolls-Royce plc, BAE SYSTEMS, Safran Group, Parker Aerospace, Goodrich, Thales, Aerospace, Turbomeca, Lockheed Martin and the US Department of Defense.