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15 October 2002

Johnson Matthey Receives German Regulatory Approval of Synetix Acquisition

  Johnson Matthey has today received competition clearance from the Bundeskartellamt of the Federal Republic of Germany for its acquisition of the Synetix division of ICI.

This means that the main part of the acquisition will be completed on 1st November 2002 although the purchase of those Synetix businesses which are owned by ICI India Limited remains subject to the approval of ICI India Limited's shareholders.

Enquiries:
Johnson Matthey

Ian Godwin
Group Corporate Communications Manager
020 7269 8410

Gavin Anderson & Co

Howard Lee
Laura Hickman
020 7554 1400