Results of Open Offer

Symphony Plastic Technologies PLC
19 December 2001


                                                               19 December 2001



                      Symphony Plastic Technologies plc


                            Results of Open Offer


Symphony Plastic Technologies plc ('Symphony' or 'the Group') a company
specialising in fully degradable plastics and other related products, is
pleased to announce the results of the Open Offer in connection with the fund
raising and listing on the Alternative Investment Market of the London Stock
Exchange ('AIM').



As at 3.00 p m on 18 December 2001, being the close of the Open Offer
announced by the Company on 27 November 2001, valid acceptances had been
received in respect of 994,643 new Ordinary Shares representing 97.8 per cent.
of the shares available under the Open Offer. Application has been made for
994,643 shares to be admitted to trade on AIM and trading will commence on AIM
in these new Ordinary Shares on 20 December 2001.



For further information please contact:



Symphony                                                     Tel: [phone]
Michael Laurier, CEO


Buchanan Communications                                      Tel: [phone]
Bobby Morse / Louise Bolton                                   Tel: [phone]




BackGround to Symphony



Symphony was founded in 1995 and manufactures and sells a wide range of
polythene packaging products and other plastic products predominantly to the
retail industry and local authority sector.  It also supplies flexible plastic
products to the medical and construction markets. In addition, hot and cold
water soluble laundry bags as well as soluble strip laundry bags are marketed
to hospitals and occasionally exported.



The Group's degradable products, branded SPI-Tek, form the principal focus of
Symphony's current business and future development programme.  These
award-winning products currently include refuse sacks, bin-liners, food and
freezer bags, carrier bags, packaging for fruit producers and organic waste
collection sacks.



The production of the Group's degradable products involves the blending into
the plastic mix a totally degradable plastic additive ('TDPA') which
eventually causes total degradation of the plastic material.  TDPA additives
and SPI-Tek know-how do not significantly increase the total cost of the
manufacturing process.  The degradation time can be controlled according to
the application requirement.