GYG Gyg Plc

RNS Number:5141E
Gyrus Group PLC
02 December 2002

Embargoed for release, Monday 2 December 2002


                  GYRUS GROUP PLC ANNOUNCES DISPOSAL OF NON-CORE
                         SURGICAL DRAPES BUSINESS FOR $4M


READING, UK - Gyrus Group PLC, (GYG.L "Gyrus" or "the Group") a world leading
supplier of medical devices to reduce trauma and complications in surgery,
announces that it has disposed of its non-core surgical drapes business to
Microtek Medical Inc for $4 million (#2.5m) in cash.


>      The surgical drapes business, sterile coverings for equipment used in the
operative field, was acquired with the Smith+Nephew ENT business in June 2001.



>      Since acquisition, sales of surgical drapes have been at an annualised
rate of just over #2 million.



>      The proceeds from the sale less asset value and costs will be treated as
an exceptional profit in the year ending 31st December 2002.



"The sale of surgical drapes has become increasingly specialised and does not
fit with our strategy focused on integrating and broadening the applications of
our PlasmaKinetic technology across each of the markets we serve.  This disposal
will enhance that focus as well as providing additional reserves for the Group
to implement its strategy", said Mark Goble, Gyrus Group Managing Director.



Notes to editors



About Gyrus

Gyrus Group PLC is a growing medical technology company with principal UK
operations based in Cardiff and Reading. The Group comprises four operational
units: Gyrus Medical Inc. (Minneapolis), Gyrus Medical Ltd. (Cardiff), Gyrus
International Ltd. (Reading) and Gyrus ENT (Memphis).





Enquiries:


Gyrus Group PLC
Mark Goble, Managing Director                                          Tel: 01189 219 720
Tom Murphy, Finance Director

Financial Dynamics                                                     Tel: 0207 831 3113
Ben Atwell
Sarah Basden




                      This information is provided by RNS
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