Re Joint Venture

RNS Number:1666O
Ringprop PLC
31 July 2003


For Release                                                         31 July 2003

              RingProp Announces Major Manufacturing Joint Venture


RingProp plc has signed a joint venture agreement with the JL French Group, one
of the world's leading aluminium die casting companies.


JL French UK Ltd will manufacture tooling and produce propellers designed to
cover a range of outboard motors up to 250HP. In return, RingProp can issue
equity (up to a maximum of 330,033 shares at a price of 151.5p per share), to JL
French in accordance with the roll-out of tooling production over the next
eighteen months.


JL French has plants world-wide: in the US, Mexico, Spain and three in the UK
(Presteigne, Witham and Cheshunt).


The association is worth up to #500,000 to RingProp and ensures the quality of
the product and the continuity of supply required to service a global market.
RingProp believes that the venture with such a major, world-wide organization
will establish a firm base on which to build the company and the RingProp brand.


As announced in the Chairman's statement in June, RingProp's decision to produce
its propellers in aluminium, which currently represents 82% of the world's new
and replacement sales, is expected to assist RingProp's strategy to capture a
significant share of the market within the next three years.



For further information


RingProp plc

Denis Mulhall
Chairman                        020 8942 9038 / 07767 353160


Mark Chapple
Operations Director             023 92 335788 / 07801 340273


Binns & Co PR Ltd

Paul Vann
Emmie Peryer                    020 7 786 9600


Notes to Editors


RingProp Ltd.


RingProp is a revolutionary new propeller, the first to have a ring around it
connecting the front of one blade to the back of the next. This is expected to
have the following unique benefits:


  * Safer - reduces the number of injuries and deaths to swimmers and boat
    users
  * Pro environment - safer for sea life (such as whales and manatees).
  * Increased maneuverability and performance.






                      This information is provided by RNS
            The company news service from the London Stock Exchange

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