Interim Results

Coral Products PLC
7 December 2000

For Immediate Release                      7 December 2000




                              2001 INTERIM RESULTS
Record pre-tax profits; Major Capital Investment continues; Increased Dividend

Coral Products PLC, one of Europe's leading manufacturers and suppliers of
media packaging for Digital Versatile Disc (DVD), Video and CD, announces its
interim results for the half year ended 31 October 2000.

Commenting, Chairman Sir David Rowe-Ham said:

'I am pleased to report an encouraging demand for our media packaging products
in challenging market conditions. We believe that UK and European markets will
follow the United States in terms of DVD sales growth and that we are well
positioned to take advantage of this market trend.'

Summary

                                            Half year       Half year  % change
                                                ended           ended
                                      31 October 2000 31 October 1999

*     Turnover                                 £9.90m           £7.4m      +34%

*     Pre-tax profits                          £1.48m          £1.41m       +5%

*     Fully diluted earnings per                4.87p           4.65p     +4.7%
      share

*     Interim dividend                          1.05p            1.0p       +5%

*     Continuing investment in media packaging production facilities

*     Further expansion of DVD case manufacture

*     Investment in Haydock site, now comprising 27 up to date  production
      lines


On prospects for the second half, Sir David said:

'Demand, at the present time, continues to be good in our core media packaging
business.  Providing industry demand is maintained in the New Year we look to
continue to improve our trading performance in the second half.'


Enquiries:  Coral Products PLC                       Tel: [phone]
            www.coralproducts.com
            Warren Ferster, Managing Director        Mobile: [phone]
            David Shalom, Finance Director           Mobile: [phone]

            Binns & Co
            Peter Binns/Paul Vann                    Tel: [phone]


CHAIRMAN'S STATEMENT

I am pleased to report that an encouraging demand for our media packaging
products in the first half of our financial year has led to a 5% increase in
pre-tax profits compared with the same period last year.  Increased selling
prices and rising sales volumes have contributed to a 34% increase in turnover
over the same period.

The period has seen challenging market conditions with both raw material price
pressures and the strength of sterling combining to narrow margins.  Margins
were protected where possible by the linkage of selling prices to raw material
costs with certain of our larger customers.

Trading

Turnover for the six months ended 31 October 2000 increased to £9.90 million
(1999: £7.40 million) and pre-tax profits increased by 5% to £1,477,000 (1999:
£1,407,000).  Diluted earnings per share has increased by 4.7% to 4.87p (1999:
4.65p).

Interim Dividend

An interim dividend of 1.05p net per ordinary share (1999: 1.0p) has been
declared representing an increase of 5% as compared with the same period last
year.  This dividend will be paid on 26 February 2001 to all shareholders on
the register on 9 February 2001.

Business

In the period we have invested heavily in our Haydock site expanding our
production facilities and upgrading the power supply to accommodate existing
equipment, which now comprises 27 up to date production lines.

We continue our capital investment programme to enlarge and update our media
packaging production facilities with particular emphasis on DVD case
manufacture.  We believe that the UK and European markets will follow the
United States in terms of significant sales growth in DVDs and that we are now
well positioned to take advantage of this market trend. Additional machinery
has been ordered for Spring 2001 to expand our DVD capacity and further
improve our production efficiency in this new, but rapidly expanding area of
our business.

Prospects

Trading conditions remain testing but demand, at the present time, continues
to be good in our core media packaging business.  Providing industry demand is
maintained in the New Year we look to continue to improve our trading
performance in the second half.

Sir David Rowe-Ham
Chairman


7 December 2000


PROFIT AND LOSS ACCOUNT




                            Unaudited Half year to     Unaudited      Audited
                                   31 October 2000   Half year to     Year to
                                                  31 October 1999  30 April 2000
                                         £'000              £'000        £'000

                       Notes

Continuing operations

Turnover                (1)                9,902             7,396      14,969

Profit on ordinary
activities before                          1,595             1,466       2,726
interest

Net interest payable                        (118)              (59)       (118)

Profit on ordinary
activities before                           1,477             1,407      2,608
taxation

Tax on profit on        (2)                  (458)             (436)      (768)
ordinary activities

Profit on ordinary
activities after                             1,019               971     1,840
taxation

Dividends                                      (215)             (204)    (674)

Amount transferred to                            804               767    1,166
reserves

Basic earnings per      (3)                    4.99p             4.75p    9.00p
share

Diluted earnings per    (3)                    4.87p             4.65p    8.82p
share



The Company has no recognized gains and losses other than the profits above
and therefore no separate statement of total recognised gains and losses has
been presented.

Basis for preparation

The interim results have been prepared on the basis of the accounting policies
set out in the Company's accounts for the year ended 30 April 2000, and are
neither audited nor reviewed.


BALANCE SHEET




                                                  Unaudited  Unaudited  Audited
                                                      As at      As at    As at
                                                 31 October 31 October 30 April
                                                       2000       1999     2000
                                                      £'000      £'000    £'000

Tangible fixed assets                                12,410     10,223   10,741

Current assets

Stocks                                                1,555      1,304    2,515

Debtors                                               6,703      4,169    4,914

Cash at bank and in hand                                 20        272      191
                                                      8,278      5,745    7,620

Creditors: amounts falling due within one year      (7,085)    (4,617)  (6,662)

Net current assets                                    1,193      1,128      958

Total assets less current liabilities                13,603     11,351   11,699

Creditors: amounts falling due after more than

   one year                                         (2,192)    (1,491)  (1,242)

Provisions for liabilities and charges

Deferred taxation                                   (1,224)      (876)  (1,074)

Total net assets                                     10,187      8,984    9,383

Capital and reserves

Share capital                                           204        204      204

Share premium                                         4,443      4,443    4,443

Profit and loss account                               5,540      4,337    4,736

Equity shareholders' funds                           10,187      8,984    9,383


MOVEMENT IN SHAREHOLDERS' FUNDS


                                                  Unaudited Unaudited  Audited
                                                      As at     As at    As at
                                                31 October  31 October 30 April
                                                      2000      1999      2000
                                                     £'000      £'000     £'000
                                                      
Profit for the period                                 1,019       971    1,840

Dividends                                             (215)     (204)    (674)

Net additions to equity shareholders' funds             804       767    1,166

Equity shareholders' funds at the beginning of
the period                                            9,383     8,217    8,217
                                                      
Equity shareholders' funds at the end of the         10,187     8,984    9,383
period


CASHFLOW STATEMENT



                                               Unaudited  Unaudited   Audited
                                            Half year to Half year to Year to
                                              31 October  31 October  30 April
                                                    2000        1999    2000
                                                   £'000        £'000   £'000

Net cash inflow from operating                        878      1,210   3,190
activities

Returns on investment and servicing of
finance
Net interest paid                                    (118)       (59)   (112)

Taxation                                             (132)          -   (635)

Capital expenditure and financial
investment
Purchase of tangible fixed assets                   (2,385)    (2,108) (3,288)
Sale of tangible fixed assets                            -         20      20

                                                    (2,385)    (2,088) (3,268)

Equity dividends paid                                 (470)      (409)   (612)

Net cash outflow before financing                   (2,227)    (1,346) (1,437)

Financing
Inception of new loans                                 500          -       -
Repayment of loans                                     (28)       (20)    (41)
Payment of principal under finance                    (578)      (495)   (928)
leases
Proceeds of sale and leaseback                       1,593      1,336   1,800

Net cash inflow from financing                       1,487        821     831

Decrease in cash                                      (740)      (525)   (606)



CASHFLOW STATEMENT continued


Reconciliation of Net Cashflow to

Movement in Net Debt
                                            Unaudited  Unaudited     Audited
                                         Half year to  Half year to  Year to
                                           31 October 31 October     30 April
                                                 2000        1999        2000
                                                £'000         £'000     £'000
                                                              

Decrease in cash in the period                     (740)      (525)     (606)
Cash outflow from debt and lease                    606        515       969
financing

Change in net debt resulting from                  (134)       (10)      363
cashflows
New loans and proceeds of sale and               (2,093)    (1,336)   (1,800)
leaseback

Movement in net debt in the period               (2,227)    (1,346)   (1,437)
Net debt at beginning of period                  (1,927)      (490)     (490)

Net debt at end of period                        (4,154)    (1,836)   (1,927)



Reconciliation of Operating Profit to Net Cash Inflow
from Operating Activities


Operating profit                                 1,595       1,466     2,726
Depreciation charges                               716         625     1,284
Profit on sale of fixed assets                       -          (8)       (5)
Release of grant income                             (1)         (1)       (1)
Decrease/(Increase) in stocks                      960          43    (1,168)
Increase in debtors                             (1,789)       (948)   (1,693)
(Decrease)/Increase in creditors                  (603)         33     2,047

Net cash inflow from operating activities          878       1,210     3,190



NOTES TO THE ACCOUNTS


1.    Turnover
      All production is based in the United Kingdom.  The geographical analysis
      of turnover is shown below:


                                         Unaudited        Unaudited     Audited
                           Half year to 31 October     Half year to     Year to
                                              2000       31 October    30 April
                                             £'000             1999        2000
                                                              £'000       £'000

United Kingdom                               8,857            5,712      11,705
Rest of Europe                               1,008            1,684       3,115
North America                                   37                -         149

                                             9,902            7,396      14,969
By Business Activity
Media packaging                              9,366            6,738      13,643
Housewares                                     536              658       1,326

                                             9,902            7,396      14,969


      The classes of business activity do not differ substantially and
      therefore no separate analysis of operating profits and net assets is
      disclosed.


2.    The charge for taxation on the profit for the period is based upon the
      estimated effective rate for the full year.


3.    The calculation of earnings per share is based on the profit on ordinary
      activities after taxation for the half year namely £1,019,000 (1999: £
      971,000) and on 20,440,000 (1999: 20,440,000) ordinary shares being the
      weighted average number of ordinary shares in issue and ranking for
      dividend during the period.  Calculation of fully diluted earnings per
      share is based upon a fully diluted weighted average number of ordinary
      shares of 20,917,943 (1999: 20,877,757).


4.    The results for the year ended 30 April 2000 are in abbreviated form and
      have been extracted from the published accounts as filed with the
      Registrar of Companies.  These were audited and reported upon without
      qualification by PricewaterhouseCoopers and did not contain a statement
      under Section 237(2) or (3) of the Companies Act 1985.


5.    The interim report will be posted to all shareholders on 11 December 2000
      and copies of this and the last published Annual Report and Accounts are
      available from the Secretary, Coral Products PLC, North Florida Road,
      Haydock Industrial Estate, Haydock, Merseyside, WA11 9TP (Tel: [phone]
      882).  These reports may also be viewed on our web site at
      www.coralproducts.com.