Result of EGM

Stanelco PLC
06 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.


Stanelco plc



RESULTS OF EGM



('Stanelco' or the 'Company')



The Board of Stanelco announces that, at the Extraordinary General Meeting held
earlier today, the Resolutions which were set out in the Notice of Extraordinary
General Meeting included in the prospectus of Stanelco relating to the Firm
Placing, Placing and Open Offer dated 12 October 2006 were passed without
amendment.



The New Ordinary Shares to be issued pursuant to the Firm Placing, Placing and
Open Offer will be credited as fully paid and will rank pari passu in all
respects with the Company's Existing Ordinary Shares.



The Firm Placing, Placing and Open Offer remain conditional upon Admission
occurring by 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                 BFBK