RNS Number:6088J
High-Point Rendel Group PLC
03 April 2003

3 April 2003





High-Point Rendel Group Plc Pension Scheme('the Scheme')





High-Point Rendel Group Plc ('the Company') expects the forthcoming triennial
valuation of the Scheme as at August 2002, and the assessment of the impact of
the decline in the stock market since then to indicate, like many other UK
employers with final salary schemes, an increased cost of providing pension
benefits.



The Board is committed to maintaining the Scheme which it believes is in the
best interests of the Company. The Board will, once the valuation is made
available, enter into negotiations with the Trustees of the Scheme to agree an
increased contribution schedule.



This is likely to involve a significant increase in contributions paid by the
Company, commencing in 2004, in order to meet the minimum funding requirement.





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