FARREL NEWS

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FARREL CORPORATION     FOR IMMEDIATE RELEASE
25 Main Street         CONTACT: PETER L. HESS
Ansonia, CT  06401     TELEPHONE: (203) 736-5501
(203) 736-5500


            FARREL ANNOUNCES ACQUISITION OF
             FRANCIS SHAW RUBBER MACHINERY

ANSONIA, CONNECTICUT, December 19, 1997 - Farrel
Corporation announced that the acquisition of the
Francis Shaw rubber machinery business located in
Manchester, England was completed today.  The new
subsidiary has been named Farrel Shaw Limited.

As previously announced, Farrel expects substantial
opportunities from this acquisition in its worldwide
rubber machinery business.  The management believe the
acquisition will enhance profitability and order
backlog.

As a result of several large orders received in recent
days, including a US$6.7 million order for a plastic
pelletizing system, the current order book totals
US$56.3 million.