AGM and IMS

Stanelco PLC
28 April 2008


28th April 2008

                   Stanelco plc ('Stanelco' or the 'Company')                   

                 AGM Statement and Interim Management Statement                 

The Company's Annual General Meeting will take place at 10am today at the
offices of Financial Dynamics, Holborn Gate, 26 Southampton Buildings, London
WC2A 1PB.

The following comments will be made regarding current trading, financial
performance and outlook for the financial year. This statement covers the period
1 January 2008 to the date of this announcement and constitutes Stanelco's first
Interim Management Statement as required by the UK Listing Authority's
Disclosure and Transparency Rules.


Current Trading


The 2008 financial year has started well and in line with the expectations
indicated in the 2007 Annual Report.

Current sales from Biotec are in line with Board expectations and the Stanelco
Bioplastics team have begun to achieve some encouraging sales traction in a
number of end-user areas.

The market remains fast-moving, driven as it is by both changing legislative and
consumer requirements. We are concentrating on adapting and enhancing the
functional and commercial attributes of bioplastic materials which will be
essential to commercial success.

Development trials at the bioplastic pilot unit, commissioned recently in the
Company's UK facility, have started and an expansive set of trials are underway.
This unit is now being strengthened with the recruitment of further scientific
staff.

Stanelco RF Applications is continuing to develop its product range and has a
strong enquiries book. Sales are in line with Board expectations and last year.

Financial Performance

At 31st March we had cash of £7.5m and continue to consider sensible investment
opportunities for these funds.

Outlook

We expect continued good progress in the Company's main businesses. This gives
the Board confidence in the outlook for further commercialisation and
development in 2008.


For further information please contact:

Financial Dynamics

Jonathon Brill/Caroline Stewart

Tel: [phone]

 

 



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