AGM Statement

Carclo plc
02 September 2004


                                                                2 September 2004

                                   Carclo plc
                                  AGM Statement

At Carclo plc's annual general meeting, held earlier today, all the resolutions
were duly passed. Commenting on current trading George Kennedy, chairman, said:

'Trading for the year to date is broadly in line with our expectations. All of
our divisions are in profit, benefiting from relatively stable trading
conditions and last year's restructuring.

'Demand in European plastics has been stable, with good automotive volumes, but
US demand, after a strong start to the year, has shown recent signs of
weakening. Card Clothing experienced a slow start to the year but order intake
is now increasing.

'Our second Czech facility is nearing completion. Customer demand to be supplied
from our Chinese technical plastics operation has increased markedly.
Development of our new technological innovations in Conductive Inkjet
Technology, Water-soluble polymers and new medical devices, which we highlighted
in the Annual report in June, are progressing well.
'Our focus on global supply and product development continues to provide good
growth prospects.'

                                    - Ends -
Enquiries:

Carclo plc                                                          01924 330500
Ian Williamson, Chief Executive

Weber Shandwick Square Mile                                        020 7067 0700
Richard Hews / Susanne Walker


Notes to Editors

  • Carclo plc is a global supplier of technical plastic components and
    specialist wire products. It is a public company whose shares are quoted on
    the London Stock Exchange.

  • 81% of sales are derived from the supply of fine tolerance, injection
    moulded plastic components, which are used in medical, automotive, telecom
    and electronics products. This business, Carclo Technical Plastics, operates
    internationally in a fast growing and dynamic market underpinned by rapid
    technological development.

  • The Specialist Wire division manufactures card clothing, a specialised
    engineered product used by the textile fibre processing industry world wide,
    precision aerospace products and band saws.

  • Carclo's strategy is to grow rapidly in low cost manufacturing regions
    and to develop new technologies and products to underpin future growth.


                      This information is provided by RNS
            The company news service from the London Stock Exchange