Open Offer Result

Stanelco PLC
02 November 2006



NOT FOR DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES OF AMERICA, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR
JAPAN.



OPEN OFFER RESULT



2 November 2006



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



On 9 October 2006, Stanelco announced details of a proposed Firm Placing of
1,375,000,000 New Ordinary Shares and Open Offer of 600,992,559 New Ordinary
Shares at 0.8 pence per New Ordinary Share, of which 148,278,000 New Ordinary
Shares were being placed subject to clawback to satisfy valid acceptances under
the Open Offer.



The Open Offer has now closed in accordance with its terms.  The Board of
Stanelco announces that valid acceptances under the Open Offer have been
received from Qualifying Shareholders in respect of 461,869,833 Open Offer
Shares.  This represents approximately 76.85 per cent. of the Open Offer Shares
offered pursuant to the Open Offer.



As a result of the acceptances received under the Open Offer, the balance of
139,121,895 Open Offer Shares, representing 93.83 per cent. of the 148,278,000
New Ordinary Shares placed subject to clawback, have been allocated to the
institutional investors with whom they had been conditionally placed.



The Firm Placing, Placing and Open Offer remain conditional upon the passing of
the Resolutions at the Extraordinary General Meeting to be held at 11.00am on 6
November 2006 and upon Admission.



The final time and date for receipt of Forms of Proxy in relation to the
Extraordinary General Meeting is 11.00 a.m. on 4 November 2006. Completion and
return of a Form of Proxy will not preclude Shareholders from attending and
voting in person at the Extraordinary General Meeting.


It is expected that Admission will occur no later than 8.00 a.m. on 7 November
2006 or such later date as Teather & Greenwood Limited and Stanelco may agree.

For further information please contact:

Stanelco plc
Martin Wagner, Chief Executive
Sylvia Leavey, Investor Relations
Tel:  [phone]

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

This announcement is for information only and does not constitute an offer or
invitation to acquire or dispose of any securities or investment advice in any
jurisdiction.

Past performance is no guide to future performance and persons needing advice
should consult an independent financial advisor.

The information contained in this announcement is not for release, publication
or distribution, directly or indirectly, to persons in the United States,
Canada, Australia, Japan or the Republic of South Africa. This announcement is
not an offer of securities for sale into the United States. The New Ordinary
Shares have not and will not be registered under the US Securities Act of 1933,
as amended and may not be offered or sold directly or indirectly, in the United
States absent registration or an exemption from registration. There will be no
public offering of securities in the United States. The New Ordinary Shares have
not and will not be registered with any regulatory authority of any state within
the United States.

Teather & Greenwood Limited, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively for the
Company as sponsor, financial adviser and stockbroker in relation to the Issue
and no-one else in connection with the arrangements described in this
announcement and will not be responsible to anyone other than the Company for
providing the protections afforded to customers of Teather & Greenwood or for 
advising any other person in connection with the arrangements described in this
announcement.

This announcement has been issued by Stanelco and is the sole responsibility of
Stanelco.

Defined terms used in this announcement are as used in the prospectus of
Stanelco dated 12 October 2006, which may be inspected at the UKLA's document
viewing facility situated at the Financial Services Authority, 25 The North
Colonnade, Canary Wharf, London E14 5HS.




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