Update on placing

Symphony Plastic Technologies PLC
28 February 2007



                                                                28 February 2007

                       SYMPHONY PLASTIC TECHNOLOGIES PLC

                               Update on placing

It was announced yesterday that all resolutions were passed at the extraordinary
general meeting of the Company ('the EGM') in connection with the placing
announced on 6 February 2007.  The directors are now in a position to provide an
update on the placing and can confirm that a revised total of £1,122,500 will be
raised and 13,885,000 shares issued.

Following the trading update announced on 22 February 2007, the company has been
in contact with the placees in light of the material new information which was
disclosed.  The board has decided that in order to secure the continued
participation of the placees, it should revise the terms of the placing so that
placees received shares at an effective price of 8p a share, which is around the
current market price, rather than 10p per share as announced on 6 February 2007.
To achieve this placees have committed to subscribe for 1 share at 3p per
share for every 2.5 shares subscribed at 10p per share.

On 6 February 2007, it was also announced that three directors Michael Laurier,
Matthew Turner and Ian Bristow had purchased 500,000, 50,000 and 50,000 shares
respectively in the placing.   None of these directors have been given the
opportunity of subscribing for additional shares at 3p and therefore the
purchase price for their shares remains 10p per share.

Placees have reconfirmed their participation in respect of 10,085,000 shares at
10p raising £1,008,500 and the board will issue and allot such shares to the
placees pursuant to the specific authority and power granted at the EGM.  This
includes the 600,000 shares for directors mentioned above.  The additional
placing of 3,800,000 shares at 3p per share will raise a further £114,000,
giving total proceeds of £1,122,500 and will be made pursuant to the general
authority and power to issue up to 4,188,200 shares otherwise than on a
pre-emptive basis which was given at the EGM. This level of proceeds will still
enable the company to replace part of its overseas finance facilities and other
loans and further invest in the enhancement of sales and marketing, R&D
facilities and technical support services.

Related Party

In the announcement dated 6 February 2007 it was disclosed that Michael Laurier,
Matthew Turner and Ian Bristow had purchased 600,000 shares in the placing at
10p per share.  Based on the revised amount of proceeds raised from the placing,
the participation of the directors amounts to more than 5% and therefore is a
related party transaction according to the AIM Rules. Having consulted with the
Company's nominated adviser, Panmure Gordon, the directors of the Company (with
the exception of Michael Laurier, Matthew Turner and Ian Bristow who are related
parties) consider that the terms of the transaction are fair and reasonable
insofar as its shareholders are concerned.

Application has been made for the 13,885,000 new ordinary shares placed at 10p
per share, which will rank pari passu with the existing shares in issue, to be
admitted to trading on AIM, and admission is expected to become effective on
Monday 5 March 2007.

For further information, please contact:

Symphony
Michael Laurier, Chief Executive                              Tel: [phone]
Ian Bristow

Citigate Dewe Rogerson
Freida Moore                                                  Tel: [phone]
Ged Brumby

Further information on Symphony Plastic Technologies plc:

Symphony develops and supplies environmentally responsible pro-degradent
additives as well as plastic packaging products. The Group's main technology,
marketed under the d2w(TM) registered trademark, causes plastic to degrade,
leaving only water, a minimal amount of carbon dioxide and trace amounts of
non-toxic biomass over a short time period. The d2w(TM) product range includes
pro-degradent additives developed for an increasing variety of applications as
well as a range of finished flexible plastic products.

Symphony has a diverse and growing customer base in the UK and has successfully
established itself as an international business after signing distribution
agreements with companies in Argentina, Brazil, Canada & USA, Chile, Colombia,
India, Mexico, New Zealand, Peru, Portugal, South Africa, the Caribbean, Saudi
Arabia, and Qatar.  d2w(TM) products can already be found in more than 40
countries.

Symphony is now marketing and developing innovative waste-to-energy technology
processing plants and is exploring various opportunities where there is a demand
to increase recycling of waste plastics, tyres and other waste streams by cost
effective processes.

Further information on Symphony can be found at www.symphonyplastics.com and
www.degradable.net.


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