11 November (Stuttgart: A0Z24E - news) 2005

Acquisition of Aeromedic Innovations

UMECO (LSE: UMC.L - news) plc, a leading international provider of value-added services, components and composite materials primarily to the aerospace ∓ defence industry, announces thatits Repair and Overhaul division subsidiary AEM Limited ("AEM (Taiwan OTC: 4939.TWO - news) ") 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."

- Ends -

For further information, please contact:

UMECO plc

Clive Snowdon, Chief Executive 01926 331800

Hogarth Partnership Ltd

John Olsen / Barnaby Fry 020 7357 9477

Notes to editors

UMECO plc is a leading international provider of value-added distribution services and composite materials primarily to the aerospace ∓ defence, automotive, motorsport, and wind turbine industries.

Listed on the London Stock Exchange (LSE: LSE.L - news) , UMECO had turnover of £242.4 million in the year to 31 March 2005.

UMECO is managed through three divisions:-

UMECO Components - 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 (LSE: BA.L - news) , Snecma Groupe, Parker Aerospace, Goodrich Aerospace, Bombardier, Lockheed Martin (Dusseldorf: 351011.DU - news) and the US Department of Defense.

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

Customers include Boeing (NYSE: BA - news) , Airbus (Paris: NL0000235190 - news) , BAE SYSTEMS, Goodrich Aerostructures, British Airways (Other OTC: BABWF.PK - news) , Lufthansa Technik, a number of manufacturers of high performance super cars and all the Formula 1 teams.

UMECO Repair and Overhaul - a provider of a comprehensive accessory repair and installation service to operators of fixed and rotary wing aircraft ranging in size from executive jets through to a Boeing 747.

Customers include British Airways, KLM, Swiss, Alitalia Express, Bristow Helicopters, BAE SYSTEMS, Saab Aircraft and Pratt ∓ Whitney.

For further information on Aeromedic Innovations please visit www.aeromedicgroup.com