SEO Stanelco

RNS Number:0568E
Stanelco PLC
13 October 2004


SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company

Stanelco plc

2. Name of director

I H Balchin

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest

Director's beneficial interest

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)

Ian Balchin

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)

N/A

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

Exercise of options and sale of shares arising from exercise (see attached for
fuller explanation)

7. Number of shares / amount of stock acquired

41,033,816

8. Percentage of issued class

5.19%

9. Number of shares/amount of stock disposed

41,033,816

10. Percentage of issued class

5.19%

11. Class of security

Ordinary

12. Price per share

Acq 2.4445 pence
Sold 4.00 pence

13. Date of transaction

13 October 2004

14. Date company informed

13 October 2004

15. Total holding following this notification

1,640,000

16. Total percentage holding of issued class following this notification

0.20%

If a director has been granted options by the company please complete the
following boxes.

17. Date of grant

...............................................................

18. Period during which or date on which exercisable

...............................................................

19. Total amount paid (if any) for grant of the option

...............................................................

20. Description of shares or debentures involved: class, number

...............................................................

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise

...............................................................

22. Total number of shares or debentures over which options held following this
notification

6,756,750 Ord 0.1p shares

23. Any additional information

Additional information on share transaction by Ian Balchin

The share options covered in this announcement were granted in October 2000.

The exercise of this option generates approx #1 million in cash for the Company.
Ian Balchin has advised the Company that the shares have been placed with
institutional investors.

24. Name of contact and telephone number for queries

Robert Duggan - 02380 867100

25. Name and signature of authorised company official responsible for making
this notification

Robert Duggan

Date of Notification

13 October 2004

The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.




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

END
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