Director Shareholding

Stanelco PLC
10 August 2004


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company

STANELCO PLC

2. Name of director

I H BALCHIN

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest

DIRECTOR'S BENEFICIAL INTEREST

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)

IAN BALCHIN

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)

N/A

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

EXERCISE OF OPTIONS AND SALE OF SHARES ARISING FROM EXERCISE

7. Number of shares / amount of stock acquired

7,785,000

8. Percentage of issued class

0.99%

9. Number of shares/amount of stock disposed

6,250,000

10. Percentage of issued class

0.79%

11. Class of security

ORDINARY

12. Price per share

acq 2.4445 pence
sold 4.00 pence

13. Date of transaction

09.08.2004

14. Date company informed

09.08.2004

15. Total holding following this notification

1,640,000

16. Total percentage holding of issued class following this notification

0.21%

If a director has been granted options by the company please complete the
following boxes.

17. Date of grant

-

18. Period during which or date on which exercisable

-

19. Total amount paid (if any) for grant of the option

-

20. Description of shares or debentures involved: class, number

-

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise

-

22. Total number of shares or debentures over which options held following this
notification

47,790,567 Ord 0.1p shares

23. Any additional information

Additional information on share transaction by Ian Balchin

The share options covered in this announcement were granted in October 2000.

While Mr Balchin wished to convert the substantial proportion of his options
into Stanelco plc shares and retain them, under tax regulation in the UK, where
he is resident, the exercise of the options incurs a substantial tax liability.
The majority of the shares he purchased have therefore been sold. Ian Balchin
retains options over a further 47,790,567 shares including 6,756,750 in an
approved scheme exercisable from October 2004. It is his intention to continue
to increase his holding in the Company over time.

The exercise of this option generates £190,300 in cash for the Company.

24. Name of contact and telephone number for queries

ROBERT DUGGAN 01489 570991

25. Name and signature of authorised company official responsible for making
this notification

Robert Duggan, Company Secretary, STANELCO PLC

Date of Notification 10 August 2004

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for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
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