AGM Statement

Carclo plc
01 September 2005



For immediate release                                           1 September 2005

                                   Carclo plc
                            ('Carclo' or 'the Group')
                                        
                                 AGM Statement

At Carclo's Annual General Meeting held at 3pm today, George Kennedy, chairman,
made the following statement:

'Current trading and overall progress are in line with our expectations.

'Carclo Precision Products, the division which comprises CTP Automotive and the
remaining Specialist Wire businesses, continues to focus on specialist and niche
products. Improved margins in this division have more than offset the impact of
the loss of the MG Rover business.

'As expected, Carclo Technical Plastics has seen the continuing transfer of
production overseas, which has driven growth in our Czech business at the
expense of UK volumes. We expect to complete the closure of one small general
moulding UK plant in October and the removal of the losses associated with this
plant will improve the performance of Carclo Technical Plastics in the second
half.
'Automotive demand in the USA remains weak but we have made encouraging progress
in winning new specialist medical moulding contracts. Our Chinese technical
plastics operation has continued to grow its business profitably.

'We remain focused on progressing Conductive Inkjet Technology towards
commercialisation. Our recent acquisition of an additional 20% of the equity,
funded by a vendor placing, provides us with effective control over the
business. In collaboration with our US partner, Preco Industries Inc, CIT will
be launching the new Metaljet 6000 production line at the Productronnica
exhibition in November 2005. This will represent a major step forward in the
commercialisation of this new technology.

'I am pleased to announce that following a review of internal and external
options the board has decided to appoint Christopher Ross to succeed me as
chairman. Christopher joined Carclo on 4 September 2003 and has made a valuable
contribution to the strategy and development of the group over the last two
years. I will be stepping down as chairman and retiring from the board with
effect from 31 December 2005 and Christopher will be appointed chairman with
effect from 1 January 2006.

'Noel Hutton, who was appointed a non executive director on 1 July 2004 is
resigning from the board with effect from this annual general meeting.'


                                    - Ends -

Enquiries:

Carclo plc                                                          01924 268040
Ian Williamson, Chief Executive
Robert Brooksbank, Finance Director

Weber Shandwick Square Mile                                        020 7067 0700
Richard Hews
Susanne Walker


Notes to editors

   • Carclo plc is a global supplier of technical plastic products. It is a
    public company whose shares are quoted on the London Stock Exchange.


   • 65% of sales, on a pro forma basis, are derived from the supply of fine
    tolerance, injection moulded plastic components, which are used in medical,
    telecom and electronics products. This business, Carclo Technical Plastics,
    operates internationally in a fast growing and dynamic market underpinned by
    rapid technological development.


   • 35% of sales, on a pro forma basis, are derived from the supply of
    products to the automotive and aerospace industries.


   • Carclo's strategy is to grow rapidly in low cost manufacturing regions
    and to develop new technologies and products to underpin future growth.





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