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



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