Further to its pre-close trading statement last year, Severfield-Rowen Plc, the market leading structural steel group, confirms that for the year ended 31 December 2007 the Group expects to report normalised profit before tax of approximately £42m.

As we begin 2008 the Group is seeing a softening within some of its key markets, however the Board remains confident that the high level of demand for Severfield-Rowen’s unique, wide ranging services and capabilities, position the Group well to deliver growth this year, but at a somewhat lower level than our previous expectations.

Contracts secured include high profile national projects from a whole cross-section of sectors, including commercial, PFI, infrastructure, retail and stadiums. The Group’s total order book now stands at a record £440m, compared to the £405m reported last month.

Severfield-Rowen will announce its full year results in early April 2008.

For further information please contact:

Peter Levine 01845 577896
Tom Haughey 01845 577896
Peter Davison 01845 577896

Richard Mountain 020 7269 7225
Sophie Kernon 020 7269 7225