12 Dec 2005

Chemring Group PLC (“Chemring”) announces that it has successfully completed its acquisition of Comet GmbH, Pyrotechnik-Apparatebau(“Comet”), having received all necessary regulatory approvals. The acquisition was first announced on 26 July 2005.

Comet, based in Bremerhaven, Germany, manufactures and supplies a range of military and marine pyrotechnics. Chemring acquired Comet for a cash consideration of €9.6 million(£6.6 million), subject to an adjustment based on the net assets at completion.

David Price, Chief Executive of Chemring, said: “I am delighted that we have finally completed the acquisition of Comet. Comet will play an important role in the development of our energetics business, and will be a key focus for the rationalisation of our production capabilities in marine and military pyrotechnics.”

For further information:

Dr David Price
Chief Executive
Chemring Group PLC
01489 881880

Paul Rayner
Finance Director
Chemring Group PLC
01489 881880

Jonathan Rooper
Cardew Group
0207 930 0777