New Ord Share Placing-Amendmt

Stanelco PLC
02 June 2006

2nd June 2006



                         Stanelco plc (the 'Company')
 
                   Correction: Placing of New Ordinary Shares
 
Further to the Placing announcement issued on 2nd June at 8.45am under RNS
number 9580D, the Placing is conditional upon admission of the New Ordinary
Shares becoming effective by 8th June 2006 or such later date, not 8th June 2005
as previously indicated.
 
The full amended text appears below.
 
 
 
                           Placing of New Ordinary Shares

 
The Board of Stanelco plc, the radio frequency (RF) applications group, is
pleased to announce the conditional placing by Teather & Greenwood of 46,939,939
ordinary shares ('New Ordinary Shares') at a price of 8.1p per share to raise
approximately GBP 3.8 million (approximately GBP 3.7 million after expenses).

Application will be made to the UK Listing Authority for the New Ordinary Shares
to be admitted to the Official List and to the London Stock Exchange for such
shares to be admitted to trading on the London Stock Exchange's Market for
listed securities. Admission of the New Ordinary Shares is expected to become
effective on 8 June 2006.

The New Ordinary Shares will be issued credited as fully paid and will rank pari
passu in all respects with the existing Ordinary Shares, including the right to
receive all dividends and other distributions declared or paid thereon following
admission.

The Placing is conditional upon admission of the New Ordinary Shares becoming
effective by 8 June 2006 or such later date (not being later than 23 June 2006)
as the Company and Teather & Greenwood may agree.


- Ends -


For further information please contact:

Stanelco PLC
Martin Wagner, Chief Executive
Tel: [phone]

Teather & Greenwood Limited
Mark Dickenson/Fred Walsh
Tel: [phone]

Financial Dynamics
Jonathon Brill/Billy Clegg
Tel: [phone]







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