SAW Shaw(A)

RNS Number:4106Z
Shaw (Arthur) & Co PLC
01 August 2002

                           Arthur Shaw & Company PLC

                        ("Arthur Shaw" or "the Company")

             Transfer to the Alternative Investment Market ("AIM")

      and the insolvency of certain companies in the Engineering Division



The Board of Arthur Shaw today announced the intention to move from the official
list of the London Stock Exchange to AIM. Arthur Shaw will be applying to the UK
Listing Authority to have its listing cancelled with effect from 8.00 am on
Monday 2 September 2002, whilst applying to have its issued share capital
admitted to trading on the Alternative Investment Market of the London Stock
Exchange with effect from the same date.

The Board believes that AIM, with its lower cost of complying with continuing
obligations, is a more appropriate market for the company given its size and
shareholder base. Further, Arthur Shaw will no longer meet the UK Listing
Authority's requirements for being officially listed after the exit from the
Engineering Division has been completed. The Board expects to return to a full
listing in the near future once the media division has developed sufficiently.
KBC Peel Hunt will be appointed the Company's nominated adviser and broker on
AIM.

Given a sudden downturn in the engineering sector, the Company is no longer able
to continue supporting financially the Engineering Division. Having been
informed of this fact, the directors of Arthur Shaw Manufacturing Limited and
Jackdaw (Fasteners) Limited have resolved to commence insolvency proceedings.
The Board is of the view that a quicker exit from the business than was
previously planned is important for the continued prosperity of Arthur Shaw. The
Board would like to recognise the hard work and dedication of all the employees
of the Engineering Division at Willenhall. The Board will continue to work
alongside the insolvency practitioners to achieve the best possible outcome for
all concerned.

It is the intention of the Board to continue to pursue the acquisition of
related businesses in music publishing and record label ownership as well as
continuing its thrust into web development through both Streamteam and
Cyberconcerts.



Further Enquiries:

Bryan Morrison / Tim Curle

Arthur Shaw & Company PLC                    Tel: 020 7706 7304

Jonathon Brill / Charlotte Kirkham

Bell Pottinger Financial                     Tel: 020 7861 3232




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END

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