Disposal

Macfarlane Group PLC 6 August 2001 Macfarlane Group PLC 6 August 2001 Macfarlane Group PLC announces that it has sold 2,847,000 ordinary shares in British Polythene Industries plc, 11% of the issued share capital of that company and accordingly no longer has a notifiable interest in British Polythene Industries plc. The disposal was made at a price of £2.30 per share in cash, in excess of the carrying value of the investment, namely market price, at 30 June 2001. The resultant gain on disposal of £0.2m will be recorded in the results for the second half of the year. The net proceeds of £6.5m will be used to reduce borrowings. END
UK 100

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