Placing - New Ordinary Shares

Symphony Plastic Technologies PLC
04 April 2003


For Immediate Release                                      Friday 4th April 2003



                       Symphony Plastic Technologies plc

                         ('Symphony' or the 'Company')



                         Placing of New Ordinary Shares



The Company announces that 11,111,112 New Ordinary Shares ('New Shares') of 1p
each have been conditionally placed with institutional investors (subject to
admission of the New Shares becoming effective on or before 8 April 2003 or such
later date as the Company and Collins Stewart may agree being no later than 17
April 2003) at a price of 18p per share to raise £2.0 million (before expenses)
for the Company.



The proceeds of the Placing will be used to strengthen the Company's balance
sheet and to enable the Company to continue with its stated strategy of
producing, marketing and distributing fully degradable plastics and other
related products.



The New Shares will on admission rank pari passu in all respects with the
existing ordinary shares in the Company and application has been made for the
New Shares to be admitted to the Alternative Investment Market ('AIM').
Admission of the New Shares to AIM is expected to become effective at 8.00 am on
8 April 2003.



Commenting on the successful fund raise, Michael Laurier, Chief Executive of
Symphony, said:



'The fund raise significantly strengthens Symphony's balance sheet and will
allow us to maintain the quantum growth we have enjoyed over the past few
months.  We are now receiving significant interest from a variety of sectors in
our degradable solution to the problems associated with plastic waste and,
following this strengthening of our resources, we are in a much stronger
position to meet the considerable demand for our products.'



For further information contact:


Michael Laurier, Symphony Plastic Technologies plc                 020 8207 5900

Bobby Morse, Buchanan Communications                               020 7466 5000




                      This information is provided by RNS
            The company news service from the London Stock Exchange