Trading Statement

Zotefoams PLC 16 December 2004 16 December 2004 Zotefoams plc Period End Trading Update Zotefoams plc today provides a trading update prior to the Company's financial year end on 31 December 2004. Sales have been in line with the statements made at the time of our interim results announced on 9 August 2004. In Europe sales remain in line with expectations in contrast to the weak performance in Europe during the latter part of 2003. We have also experienced continued growth in North America, albeit at a slower pace than in the first half of this year, while the weaker US dollar will negatively impact our reported performance from this region. UK markets remain stable and our UK sales will be around the same levels as 2003. Despite higher material and energy prices, particularly in the final quarter of the year, with cost control and operational improvement from corrective actions taken in our North American plant the Board expects that profits for the year will be in line with market expectations. We expect to reduce net debt at 31 December 2004 to below £3.0 million (2003: £3.6 million). We continue to make encouraging progress on the development of innovative high-performance products which we believe provides a strong platform for profitable growth in the medium term. We have a broad range of commercial applications under investigation using our unique ZOTEK (R) F grades which were launched during 2004. Other projects under early stage development, such as nylon and silicone foams, are proceeding to plan. Enquiries: Zotefoams plc 020 8664 1600 David Stirling, Managing Director Clifford Hurst, Finance Director Financial Dynamics 020 7831 3113 Deborah Scott This information is provided by RNS The company news service from the London Stock Exchange

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Zotefoams (ZTF)
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