Interim Management Statement

Carclo plc 06 February 2008 Immediate Release 6.2.08 Carclo plc ('the Group') Interim Management Statement The board is pleased to confirm that Group profitability continues to run in line with its expectations for the year. Margins in Technical Plastics are improving following the reorganisation of the Slough facility in the first half of the year. Development of our medical diagnostics and LED optics businesses remains our primary focus in Technical Plastics. As this sector continues to see good growth, we will re-balance capacity by reducing our involvement in lower margin automotive moulding. The Precision Products division delivered an excellent performance in the first half year and has continued to perform well into the second half of the year benefitting from new LED lighting contracts for supercars. In December we completed the acquisition of Ultra, the specialist distributor of LED based automotive lighting, for an initial cash consideration of £1.1 million. This business compliments perfectly our existing specialist lighting business and integration is proceeding well. Investment in the new technologies has continued into the second half of the financial year. On 30 September 2007 we acquired 100% control of Conductive Inkjet Technology ('CIT').We have taken the opportunity presented by full control to consolidate the development operations of CIT in Cambridge. The MetalJet 5000 facility (previously installed at Carclo's Slough facility) is being relocated to Cambridge and the MetalJet 6000 high speed line (originally planned for our US partner's facility in Kansas) will also now be commissioned in Cambridge. These moves will concentrate all CIT's technical resources and enhance its revenue potential. We hope to commence production of an RFID enabled sensor on the MetalJet 6000 early in the new financial year. Progress on the CIT applications in Photovoltaics has been very encouraging. The new 'etch' ink has produced excellent results and we are engaged with two partners in the PV industry to exploit this new technology. We have also seen good progress in the 'fine-line' technology for OLED flat panel displays. We are now actively discussing programmes which would lead to a relatively early commercial application of this technology. Overall, the Group continues to make good progress as indicated in the half year statement issued on 27 November 2007. - Ends - Enquiries: Carclo plc 01924 268040 Ian Williamson, Chief Executive Robert Brooksbank, Finance Director Weber Shandwick Financial 020 7067 0700 Richard Hews/James White Notes to Editors About Carclo (LSE: CAR) • Carclo plc is a global supplier of technical plastic components. It is a public company whose shares are quoted on the London Stock Exchange. • 75% of sales are derived from the supply of fine tolerance, injection moulded plastic components, which are used in medical, automotive, telecom and electronics products. This business, Carclo Technical Plastics, operates internationally in a fast growing and dynamic market underpinned by rapid technological development. • 25% of sales are derived from the supply of manufactured systems 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. This information is provided by RNS The company news service from the London Stock Exchange

Companies

Carclo (CAR)
UK 100

Latest directors dealings