Disposal of Assets

Stanelco PLC
29 May 2007

Stanelco plc

('Stanelco' or the 'Company')

Disposal of assets


Further to the announcement in the trading statement released by the Company
this morning, that it has reached agreement to dispose of certain fixed assets
and stock of its wholly-owned subsidiary, Adept Polymers Limited ('Adept'), to
MonoSol AF Limited for cash consideration of £494,000, the Board of Stanelco
announces the following additional information.

Adept previously developed and manufactured a range of biodegradable plastics. 
As announced in the Company's preliminary results statement on 21 March 2007,
Adept's manufacturing facilities were closed during the 14 month period ended 31
December 2006, and the sale of assets is therefore expected to have no impact on
the ongoing business of the Company.  The book value of the assets now being
sold, following a write-off related to the closure of the manufacturing
facilities, is £239,000.  During the 14 months ended 31 December 2006, Adept
made a loss before tax of £2.12 million.

The sale proceeds will be used to provide additional working capital for
Stanelco.


For further information please contact:

Financial Dynamics
Jonathon Brill/Caroline Stewart
Tel: [phone]




                      This information is provided by RNS
            The company news service from the London Stock Exchange