Trading Statement

Carclo plc 20 February 2004 Carclo plc Trading update and Board appointment Trading Statement The Board of Carclo plc (the 'Company') announces that whilst the Company is showing growth in profitability led by demand in the US, Czech Republic and China, demand for UK Technical Plastics has not maintained the recovery experienced in November and December of last year. In light of the above, the Board has decided to further reduce the Company's UK manufacturing capacity in the Technical Plastics division through the closure of three sites resulting in the loss of approximately 140 jobs. The closures will result in an exceptional charge of approximately £3.5 million, most of which will be incurred in the current financial year but will help improve the Company's long term profitability. Whilst underlying operating profit will be modestly below expectations for the second half, debt reduction remains on target and the actions described above will underpin next year's performance. The resources made available by the restructuring will allow the Company to increase investment in its portfolio of new product and process developments. Appointment of Group Finance Director The Board also announces the appointment of Mr. Robert Brooksbank as Group Finance Director with effect from 1 April 2004. Robert, aged 37, joins the Board from his family firm, Brooksbank Industries Limited, where he has been Business Development Director since 1997 and Finance Director since 2000. He gained a BSc Honours Degree in Biological Sciences from Edinburgh University. Robert qualified as a Chartered Accountant with Ernst & Young in London before spending two years in their Moscow office. He then joined Enron Europe in 1995 firstly as a member of their project finance team and latterly as part of their Eastern European Department. In accordance with paragraph 16.4 of the Listing Rules, no further details regarding Robert Brooksbank are required to be disclosed under paragraph 6.F.2 (b) to (g). Enquiries: Ian Williamson, Chief Executive 01924 330500 This information is provided by RNS The company news service from the London Stock Exchange FGGZZRGNGDZG

Companies

Carclo (CAR)
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