RNS Number:8545O
Automotive Precision Holdings PLC
20 August 2003

                                                                  20 August 2003


                Automotive Precision Holdings plc ("The Group")
                       Completion of Long-Term Financing

On 30 June 2003 Automotive Precision Holdings PLC announced its acceptance of an
offer of longer term funding. The Group is now pleased to announce that the
conditions attached to this offer have been fulfilled and the new funding is in
place.

As a result, there will be a single non-recurring benefit of the order of #4
million that will reduce short-term borrowings and will have a positive impact,
as an exceptional item, on the Group's profit and loss account for the current
financial year.


For further information:

Stefan Petszaft, Managing Director             Peter Willetts
Automotive Precision Holdings PLC              Tavistock Communications
Tel: 01732 365 421                             Tel: 020 7600 2288



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