Appointment of Broker

Stanelco PLC
20 December 2001

                                 STANELCO PLC


                            Appointment of Broker

Stanelco plc is pleased to announce that it has appointed Seymour Pierce
Limited as its stockbroker with effect from 3rd January 2002.

Further information:

Ian Balchin                         01489 570991

Chief Executive, Stanelco plc

Jonathan Wright                    020 7648 8700

Director, Seymour Pierce Limited

Notes for editors:

Seymour Pierce is an integrated financial services company focusing on
investment management for private clients and institutions, stock broking and
corporate finance. Seymour Pierce Group plc is quoted on the Alternative
Investment Market of the London Stock Exchange.

Seymour Pierce Limited provides research, corporate broking and corporate
finance advice to smaller quoted companies. The group has some one hundred
retained corporate clients and over one hundred institutional clients.

Seymour Pierce has strong research and corporate finance expertise in the
Media, Leisure, Technology, Retail, Building and Construction sectors. It has
led over one hundred primary and secondary issues in all sectors since 1st
January 1999, raising in hundreds of millions of pounds for its corporate
clients.

Its clients consist of pension funds, unit trusts, investment trusts, tax
exemption funds and over 10,000 private individuals. The total of funds and
personal wealth managed and advised on within the Group is in excess of £2.6
billion.

The Group's head office in Cornhill is in the heart of the City of London. Its
two hundred staff are also based in the West End of London, throughout the
south of England, Manchester, the Channel Islands and Geneva.

Websites:     www.stanelcoplc.com

            www.seymourpierce.com

Ends.