API Group plc - New 3.5 year Banking Facilities

16th November 2009
                            API Group plc
                   New 3.5 Year Banking Facilities

API Group plc  (LSE :  API, the  "Group"), the  specialist foils  and
packaging materials  producer,  today  announces that  it has  agreed
principal terms of  a new banking facilities agreement with its  main
lender, Barclays Bank plc (the "Bank").

The agreement, which is expected to be signed in the next two  weeks,
provides the  Group  with committed  funds  to meet  its  foreseeable
requirements until July 2013, a period of just over 3.5 years.

The new facility makes available a term loan of £14.4m at an interest
rate of  4.0% to  4.5%  over LIBOR.   Additional  interest of  8%  is
payable on a roll up  basis at the end of  the term on £3.65m of  the
debt.  Repayments on the £7.0m amortising portion are scheduled  from
October 2010.

The Group  will also  continue to  be provided  with a  Multi  Option
overdraft facility of £3.5m, renewable annually.

In lieu of arrangement fees and other costs, the Group has agreed  to
grant the Bank  a warrant  to subscribe for  5% of  its issued  share
capital at the nominal price of 1 pence per share, exercisable at any
time up to the eighth anniversary of the agreement.

Commenting on the renewed  facilities, Richard Wright, Non  Executive
Chairman said :

"We are pleased to have the continued support from Barclays.  Against
the backdrop  of  tight conditions  in  the credit  markets  and  the
challenging economic  environment, the  renewal of  our main  lending
facility is a demonstration of confidence in our management team  and
the longer term prospects of the Group."

 For further information:

API
Group
Tel: [phone]
Andrew Turner, Group Chief Executive
Chris Smith, Group Finance Director

Numis Securities
Ltd
Tel : [phone]
Nick Westlake, Nominated Advisor
James Serjeant, Corporate Broking


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