Merger of UK Pension Schemes

6 February 2014

Scapa Group plc

('Scapa' or 'the Company')

Merger of UK Pension Schemes

Scapa (AIM:SCPA) a global supplier of bonding materials and solutions has now completed the merger of its UK defined benefit pension schemes.

In March 2013 Scapa announced an agreement with the trustees to merge its UK defined benefit pension schemes into a new single non-sectionalised scheme, supported by an asset backed funding structure. The merger has now taken place and has resulted in both an immediate reduction in the schemes' liabilities, and a reduction in the future running costs of the schemes.

Paul Edwards, Finance Director of Scapa, said: "The merger of the UK defined benefit pension schemes continues the progress made to date in managing the Group's legacy pension deficit. Specifically the simplification into a single scheme will lower the administrative burden and reduce the Group's annual cash costs."

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