THE WEIR GROUP PLC PRELIMINARY RESULTS 2001

02.04.2002

The Chairman of The Weir Group, Sir Ron Garrick commented: "Despite difficult market conditions, Group results for 2001, prior to exceptional items, were broadly similar to last year and, once again, cash generation was excellent."

"Results from continuing operations were encouraging with good increases in order input, turnover and pre-tax profit, excluding goodwill amortisation and exceptionals.

"The prospects for many of our markets remain uncertain but I expect the Group to continue to perform satisfactorily in 2002, whilst creating a strong platform for growth whenever economic conditions improve."

Results for 52 weeks ended 28th December 2001

Group Results 2001
Ongoing

Operations(3) 2001

Turnover
£915.2m

+4%
£901.1m

+10%
Operating Profit(1)
£67.2m
-8%
£70.2m
No change
Pre-Tax Profit(1)
£60.1m
-2%
£63.1m +5%
Earnings per share(1)
23.3p
+2%
Dividend
11.6p
+5%

Order

Intake(2)

(2001 exchange rates)

£722.0m
No change
£710.0m
+9%

1: Excludes goodwill amortisation and exceptionals.

2: Excludes Joint Ventures and Associates.

3: Excludes discontinued and discontinuing businesses.

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