Financing Update

Stanelco PLC
05 October 2006


Stanelco plc (the 'Company')


5 October 2006


Financing update


Further to recent trading updates on 17 August 2006 and 8 September 2006, the
Board of Stanelco plc wishes to confirm that the Company is in the final stages
of completing a fundraising at 0.8 pence per ordinary share.


A further announcement will be made in due course.


                                    - Ends -


For further information please contact:


Stanelco PLC

Martin Wagner, Chief Executive

Tel: [phone]


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