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Farndon Announces Ownership Change

6 November 1997

PRESS RELEASE


Farndon Engineering is the premier supplier of precision engineered
components for the high performance and classic automotive sectors, whose
name is synonymous with quality. Farndon products are proven winners in most
forms of autosport racing and the company has been providing fully engineered
crankshafts and other related products to the market for over 30 years.

In September of this year the management team of  Ken Johnson (Chairman),
Colin Walker (Managing Director), Alun Davies (Sales Director) and Gerry
Faherty (Financial Director) successfully negotiated a buy out of the
business.

The mission of the new owners is to build on Farndon's excellent product
reputation by providing a superior service through design, technical support
and customer care. Enhancement of the probability of success of our customers
is the prime objective.

Farndon offer a service based on CADDS5 CAD system with access to finite
element analysis, dynamic analysis and mathematical modeling. Our performance
products are manufactured on state of the art CNC machining facilities backed
up by a skilled and highly dedicated workforce. Our products are manufactured
to ISO 9000 standards and we operate a total quality policy.