Placing

Symphony Plastic Technologies PLC 25 September 2002 For Immediate Release Wednesday 25th September 2002 SYMPHONY PLASTIC TECHNOLOGIES PLC ISSUE OF SHARES Symphony Plastic Technologies plc ('Symphony' or 'the Group'), the AIM listed degradable plastics company, today announces that it has placed a total of 3,000,000 new ordinary shares ('the Placing Shares') at 30p per share with a range of institutional investors and Directors of the Group. Michael Laurier, Allan Blacher, Christopher Littmoden and Ian Bristow, all Directors of Symphony, have acquired 233,332 of the Placing shares. The placing has raised £900,000 for the Group, which will be used to meet the Group's working capital needs as they fall due. Application has been made for the Placing Shares to be admitted to the Alternative Investment Market of the London Stock Exchange. Admission is expected to take place on 30th September 2002. The shares will rank pari passu with the Group's existing ordinary shares. For further information, please contact: Symphony Michael Laurier, Chief Executive Tel: 020 8207 5900 Ian Bristow, Finance Director Buchanan Communications Tel: 020 7466 5000 Bobby Morse / Louise Bolton This information is provided by RNS The company news service from the London Stock Exchange