Issue of Equity

Stanelco PLC
27 September 2004


Stanelco Plc

Issue of equity

Stanelco plc today announces the issue of 871,080 ordinary shares of 0.1p each
representing 0.11% of the issued capital.

These shares have been issued to an employee under the Enterprise Management
Incentives Share option scheme at an exercise price of 2.87p.

An application has been made to the London Stock Exchange and the UK Listing
Authority for these shares to be admitted to the official list.

Dealings are expected to commence on 1 October 2004.

Contact Details

Robert Duggan
Company Secretary
02392 867100



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