June 27, 2002

News Release: Increases 2002 Profit Estimates

EMCO LTD ("EML-T;EMLTF-Q")
Emco Limited announced that diluted earnings per share for the second quarter are expected to be in the range of 45 cents to 55 cents per share versus 27 cents per share last year. This is a result of continuing positive trends in margin enhancement, expense management and strong demand for certain manufactured roofing products. As a result of stronger anticipated results for the second quarter, the company is now expecting diluted earnings per share for the year 2002 to fall within the range of $1.25 to $1.35 per share, assuming a stable economic environment. Emco Limited is one of Canada's leading distributors and manufacturers of building products for the residential, commercial and industrial construction markets.

Forward looking statements contained in this news release are made based on management's expectations and beliefs concerning future events and therefore involve risks and uncertainties. Actual results could differ materially from those expressed or implied. TEL: (519) 645-3905 Emco Limited

Gordon E. Currie, Vice President, Treasurer & CFO TEL: (519) 645-3911 Emco Limited

Daniel J. Boyd, Director, Investor Relations &

Tax Internet: www.emcoLtd.com

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