Re Agreement

Stanelco PLC
17 July 2003



                                  Stanelco plc
                           the Rf applications group

Stanelco announces Agreement with Accentus plc and issue of new shares

Stanelco the RF (radio frequency) applications group is pleased to announce that
it has concluded an agreement with Accentus plc, a wholly owned subsidiary of
AEA Technology plc regarding Stanelco's capsule making technology.

Stanelco has had an ongoing agreement with Accentus plc under which it has been
supplying Stanelco with commercial services to help exploit Stanelco's RF
capsule making technology. Part of the consideration for this was a share of
future capsule revenues received by Stanelco including a share of the proceeds
which Stanelco would have received if it had sold it's subsidiary, InGel
Technologies Ltd. Accentus has exchanged these rights, which have been
independently valued at £196,000 (one hundred and ninety-six thousand pounds),
for the issue of 5,500,000 (five and a half million) ordinary shares of 0.1p in
Stanelco plc at 3.56 pence per share. Accentus has also agreed to provide
Stanelco with intellectual property services at favourable rates over the next
five years.

Chief executive, Ian Balchin said, 'This deal strengthens the Company as we
transform it towards a technology company that derives the substantial
proportion of its revenues and profits from royalties based upon the value we
add to customers. Accentus has been very helpful to us during the initial stages
of commercialisation of our unique capsule making technology by providing us
with commercial and patenting support. I am delighted that we shall continue our
association with Accentus as a significant customer for its intellectual
property services.'


Contact Details

Ian Balchin (Chief Executive)
Tel [phone]
Stanelco Plc
Systems House
Brunel Way
Segensworth East
Hampshire PO15 5SD
www.stanelco.co.uk and www.stanelcoplc.com






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