Trading Statement

Zotefoams PLC
14 November 2003

14th November 2003


                         Zotefoams plc ('the Company')
                               Trading Statement


In the interim results statement on 12 August 2003, the Board indicated that
trading conditions in the UK and Europe would continue to be at or around the
levels of last year.  It was also anticipated that improving sales in North
America would  provide moderate overall sales growth for the financial year
ended 31 December 2003.

The Company has experienced strong sales growth in North America, albeit below
expectations, and sales have declined in both the UK and Europe.  As a
consequence, the Board now expects that turnover for 2003 is likely to be at a
similar level to last year.

Following a review of the North American plant some operational inadequacies
have been identified.  Corrective actions on these issues, including changes in
senior personnel, have been taken and will give immediate efficiency and
operational benefits to North America which is experiencing significant growth.
The Board remain optimistic about growth prospects in this market.

As a result of the lower than expected sales and the additional costs incurred
in taking corrective action in North America the Board expects that profit for
the full year will be around half that for the year ended 31 December 2002.

The Board intends to give a more detailed trading update in mid-December prior
to the Company's year end.

Enquiries:

Zotefoams plc                                    020 8664 1600
David Stirling, Managing Director
Clifford Hurst, Finance Director

Financial Dynamics                               020 7831 3113
Charlie Armitstead




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