AGM Trading Statement

Carclo PLC 6 September 2001 Carclo plc AGM Trading Statement The following statement was made to shareholders at the company's Annual General Meeting today: 'We continue to make good progress with our long term strategy of developing a leading global technical plastics business. Our new facility in the Czech Republic is on track and enquiry levels are very encouraging. Earlier this week we announced the disposal of our last remaining steel wire business which provides resources for the future development of the group. 'In our latest annual report published in June 2001, we highlighted the strength of our medical business and the resilience of our automotive business. In teletronics markets, however, we stated that conditions had been disappointing and continued to be uncertain. At that time, we saw some signs of improvement in terms of forward schedules in teletronics. These improvements have not been sustained in the second quarter, leading us to expect disappointing group trading for the first half. There is no sign of recovery in teletronics and, given its continued uncertain outlook, we are well advanced with a review that will reduce our UK capacity to more closely match ongoing market demand. 'In specialist wire, market conditions are challenging but our operations are making modest progress. Our US business continues to recover and we have some good new programmes in both medical and automotive that are starting in the second half of the current year. We are, therefore, confident that the group will exit the year displaying the momentum to deliver growth in 2002/03 and beyond.' For further information please contact: Carclo plc Ian Williamson, Chief Executive 01924 330 500 Chris Mawe, Finance Director Golin/Harris Ludgate Peter Gaze/Rachel Child 020 7324 8888