Re Agreement

Symphony Plastic Technologies PLC
11 November 2002


For Immediate Release                                           11 November 2002



                       Symphony Plastic Technologies plc



         Improved Agreement with EPI Environmental Products Inc ('EPI')



Symphony Plastic Technologies plc ('Symphony' or 'the Company') is pleased to
announce that it has re-negotiated the terms of its existing additive agreement
with EPI ('the Agreement').



Symphony's degradable products are made using a patented additive secured
through the Agreement with EPI, as set out in detail in the flotation prospectus
(22 November 2001). This expires in 2015 and limited Symphony to the right to
manufacture and sell specific degradable plastic products (principally plastic
bags and refuse sacks). The Agreement placed constraints on Symphony which, in
particular, prevented it from developing and exploiting other degradable
applications, and also limited its wider commercial scope. In order to
strengthen Symphony's position for the future, certain rights have been given
up. The most important of these are its UK manufacturing exclusivity and the
right to prevent EPI assisting competition in the UK (which was in any case due
to expire in July 2003). Sales exclusivity in the Caribbean has been retained.



The revised Agreement now allows Symphony to use other degradable technologies
and frees it from any financial penalty if it fails to purchase annual minimum
volumes of additive from EPI. This empowers Symphony to take full advantage of
the many opportunities for degradable plastics both in new products and on a
wider international scale. It will allow Symphony to retain its first-mover
advantage and reinforce its competitive position at the forefront of both
technical developments and the rapidly expanding commercial opportunity for
degradable plastics.



Commenting on the new license agreement, Michael Laurier, Chief Executive of
Symphony, said:



 'The new arrangement with our partner, EPI, will enable Symphony greater
freedom and strength to expand its business into other products and markets and
thus ensure that Symphony remains the leading supplier of all forms of
degradable plastics, in the UK and other international markets'.





For more information, please contact:


Allan Blacher                                 Tel: [phone]
Chief Operating Officer, Symphony


Bobby Morse/Louise Bolton                     Tel: [phone] or 07771 788116
Buchanan Communications                       Tel: [phone]



About Symphony



Symphony Environmental is pioneering the application of price competitive
degradable plastic technologies to various organisations, in various geographic
locations. Symphony Plastics markets a range of non-degradable recycled plastic
bags, building films and sandbags.



Symphony's non-degradable range of products marketed under the brand name of
Tuffy(R) are sold to several local authorities, retail cash and carry outlets
and more recently Nisa-Todays.



Symphony's d2w(TM) (formerly SPI-Tek(TM)) branded products are sold to a number 
of major supermarkets, including: Co-op, Somerfield, Kwiksave, Musgrave, in the
Irish Republic and Northern Ireland, Tesco, Safeway, and Poundstretcher. Users
of the products include: Fyffes Plc, The Soil Association, The Consortium for
Purchasing, and over 50 Local Authorities amongst many others. The company
exports its products to the Republic of Ireland, the United Arab Emirates,
United States of America and the Caribbean.


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