BPI.L Regulatory News (BPI)

20 December 2013

BRITISH POLYTHENE INDUSTRIES PLC

PRE CLOSE PERIOD TRADING UPDATE

Prior to entering the closed period ahead of the Preliminary Results for the year to 31 December 2013, British Polythene Industries PLC provides an update on current trading.

"Trading remains broadly consistent with that disclosed in our Interim Management Statement on 8 November. Demand has been slightly better than last year and we currently anticipate that underlying volumes for the year, excluding additional volumes from the acquisition of Flexfilm, will be marginally ahead of 2012.

Raw material costs did soften slightly in November, but are firming in December with a forecast of further increases early next year, a similar pattern to last year.

We anticipate that our underlying trading results for 2013 will be broadly in line with current market forecasts, but we now expect to incur costs of around £1 million for restructuring in our Consumer business where we have very recently been unsuccessful in retaining a contract for bread bags with a major UK bakery. This has resulted in the announcement of around 90 redundancies at our Worcester plant. After the implementation of this restructuring, we do not anticipate that this loss of business will have any noticeable impact on future profit.

The preliminary results for the year ended 31 December 2013 will be announced on 3 March 2014."

Cameron McLatchie

Chairman

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