AGM Statement

Carclo PLC 05 September 2002 5 September 2002 CARCLO PLC AGM STATEMENT The following statement was made to shareholders at the company's Annual General Meeting today: 'The group is benefiting from steady demand and improving profitability following last year's extensive rationalisation programme. This programme is now largely complete. 'Demand in the first half has been particularly encouraging in our US plastics business and in card clothing, and this has compensated for a muted start in UK plastics. Across the group new business enquiries are at much higher levels than at this time last year. Most of the new work we are winning is based on our international capabilities in both technical plastics and card clothing. 'Although economic uncertainties persist, we are confident that our second half will benefit from improving productivity and are hopeful that new contracts in 2003 will restore the positive momentum of the group.' For further information please contact: Carclo plc Ian Williamson, Chief Executive 01924 330 500 Weber Shandwick Square Mile Richard Hews 020 7950 2800 This information is provided by RNS The company news service from the London Stock Exchange

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Carclo (CAR)
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