UMECO PLC - Completion of Acquisition

14 June 2006

UMECO PLC

COMPLETION OF ACQUISITION OF AERODYNE ADVANCED COMPOSITES ("AERODYNE")

Further to the announcement on 5 June 2006, UMECO (LSE: UMC.L - news) plc announces that all legal proceedings relating to the acquisition of Aerodyne have been satisfactorily concluded, and that the acquisition has therefore been completed.

Ends

For further information:

UMECO plc

Clive Snowdon, Chief Executive 01926 331800

Hogarth Partnership Ltd

Barnaby Fry / Charlie Field 020 7357 9477

NOTES TO EDITORS

UMECO PLC

Umeco is a leading innovator in distribution, supply chain management and repair and overhaul services 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 (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

AEROMEDIC INNOVATIONS LIMITED

Aeromedic Innovations Limited, a subsidiary of UMECO plc, is a world leader in the supply of First Aid and Medical Kits for commercial airline use. With more than fifteen years experience in the airline industry and a strong background in professional healthcare, Aeromedic is uniquely qualified to provide the outstanding levels of service expected by the airline industry.

As part of the Repair and Overhaul division of UMECO plc Aeromedic provides a strong value added contribution to many leading airlines through their relationship with AEM Limited.

Aeromedic holds ISO9000:2000 accreditation and is licenced by the MHRA for manufacturing, assembly and wholesale of pharmaceutical products. Additional

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products include supplementary therapeutic oxygen systems supplied principally to airlines.

Further information regarding Aeromedic can be found at: www.aeromedicgroup.com

BRITISH AIRWAYS

British Airways is the one of the world's largest international airlines, carrying in the year to March 2006 almost 36 million passengers worldwide. Also, one of the world's longest established airlines, it has always been regarded as an industry-leader.

The airline's two main operating bases are London's two main airports, Heathrow (the world's biggest international airport) and Gatwick.

Further information on British Airways can be found at: www.ba.com