6 February 2007



Shareholder and Noteholder Schemes of Arrangement Come into Effect

LUXFER HOLDINGS PLC (the �Company�) is pleased to announce that the scheme of arrangement between the Company and the ultimate beneficial holders of its 10.125% Senior Notes due May 2009 (the �Noteholders�) and the scheme of arrangement between the Company and certain of its shareholders have both come into effect on 6 February 2007, following sanction of both schemes by the High Court of Justice, England and Wales.

The Group has in recent years been burdened with high levels of debt against a backdrop of volatile raw material costs and exchange rates. In response to these pressures, the Group has been implementing cost saving programmes and profit improvement plans to drive both sales and margin growth. The reorganisation of the Company's capital structure through these schemes of arrangement is intended to improve the Group's financial condition through a significant reduction of the Company's debt and interest expense.

Other than the Noteholders, no other creditors are affected by the reorganisation.

Brian Purves, Chief Executive, commented: �The reorganisation provides a more solid and stable capital structure for the Group. The substantial reduction in debt will increase our liquidity and enhance our ability to develop the business through investment.�

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Brian Purves    Via: Julie Garth Tel: +44 (0) 161 911 8836;
or via

Close Brothers Corporate Finance Limited
Jonathon Trower Tel: +44 (0) 20 7655 3100

Close Brothers Corporate Finance Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively as financial advisor to Luxfer and no-one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than Luxfer for providing the protections afforded to clients of Close Brothers Corporate Finance Limited or for providing advice in relation to any matter referred to herein. This release is not an offer for sale of the securities in the United States absent registration or an exemption from registration under the U.S Securities Act of 1933, as amended. Any securities offered pursuant to any scheme of arrangement under section 425 of the Companies Act 1985, as amended, will be issued in reliance upon the exemption from the registration requirements of the Securities Act provided by section 3(a)(10) thereof or pursuant to another available exemption therefrom.