RNS Number:5816Y
SEP Industrial Holdings PLC
8 February 2001

                         SEP INDUSTRIAL HOLDINGS plc

            ANNOUNCEMENT OF THE SALE OF SPRINGFIX LINKAGES LIMITED


SEP Industrial Holdings plc ("SEP" or "the Company") announces that it has
completed the sale of Springfix Linkages Limited ("Springfix") and its
subsidiaries to Maximum Industries Limited for #175,000. #1,000 was received
in cash on completion, with the balance payable in cash in tranches over the
following two years. This sale follows the announcement made on 29th November
2000 in which it was stated that SEP was in discussions relating to the
disposal of certain of its businesses.


Springfix, and its subsidiary Midland Mechanical Developments Limited, are
manufacturers of linkage components and precision turned parts. These are
distributed in the US by Springfix Linkages LLC, a wholly owned subsidiary of
Springfix.


In the year ended 30 September 2000 Springfix and its subsidiaries made a loss
before taxation of #1,225,000 and had net assets at that date of #644,000.
Prior to completion of the sale, SEP waived intercompany debt due to it of #
647,000 and paid #949,000 of Springfix's overdraft. The proceeds of the sale
will be used to reduce SEP's bank borrowings.


Enquiries:

Tony Caplin (Chairman)   SEP Industrial Holdings plc          020 7505 2330

Takki Sulaiman           Hansard Communications               020 7735 9415
                                                              07778 419218
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