22 March 2012

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC China Exclusive Distribution Agreement ("the "Agreement")

Symphony Environmental Technologies plc ("Symphony"), the specialist in advanced plastics technologies including d2w controlled life and d2p anti-microbial products, and waste-to-value group (the "Group"), is very pleased to announce the signing in Hong Kong of a 20 year exclusive distribution agreement for the People's Republic of China, (excluding Hong Kong and Macau), between its wholly-owned subsidiary Symphony Environmental Ltd and the newly-formed Super Success International Limited ("SSI"). This is Symphony's first exclusive distribution agreement for China, and represents an important sales initiative for d2w in one of the world's largest markets.
The Agreement is for d2w and d2detector technologies, and SSI has placed a firm and material order for d2w for delivery within 90 days of the agreement signature date. In addition, and within 90 days of the date of the agreement, SSI will purchase one d2detector unit.
The Agreement details minimum purchase orders for each 12 month period in order to maintain exclusivity which, if reached, would make a material contribution to the Group. The parties will consider extending the Agreement to include d2p in due course.
The parties were introduced through the Global Alliance Partners network shareholders of Symphony; MAC Capital Limited in Dubai, and Quam Limited in Hong Kong
Grant of Options
Mr Stetson Chung, CEO of Great East Packaging Holdings Limited (a client of Hong Kong based Symphony shareholder Quam Limited) will receive a grant of options in lieu of fees for his part in the introductions and negotiations that have resulted in the Agreement. For this and his continued assistance with the operation of the Agreement over the first year he has been granted 1 million share options in Symphony. These options have an exercise price of 10p per share and can only be exercised after one year and provided the minimum volumes under the Agreement have been met and the Distributor's obligations under the Agreement have been performed.

Michael Laurier CEO of Symphony said: We are very pleased to have completed this Agreement with SSI, and this is a very important step for Symphony and also for China as it moves forward in adopting these technologies to help protect the environment from persistent plastic pollution. We are excited to be associated with Mr Wang Liming (Chairman of Dongguan Energy Saving and Environmental Protection Co. Ltd) who has formed SSI for the purpose of distributing d2w and d2detector in China. Eddie Yue Chi Cheong CEO of Super Success International Limited said: This is an exciting project. The market in China is extremely large with PE capacity alone expected to reach more than 10 million tons by 2013. The environmental effect of plastic pollution is a big issue in China for both Government and consumers and I see d2w as playing an important role in resolving this continuing problem which is not only a visual eye-sore, but also creates long term damage to our fragile environment. I am delighted to be able to help give our children a better life by putting a drop of d2w in plastic products from now. -ENDS- For further information, please contact:

Symphony

Michael Laurier, CEO Tel: 020 8207 5900
Ian Bristow, FD

Seymour Pierce

Stewart Dickson / Freddy Crossley (Corporate Finance) Tel: 020 7107 8000
Katie Ratner / Jacqui Briscoe (Corporate Broking)

Bishopsgate Communications

Nick Rome/Shabnam Bashir Tel: 020 7562 3350

NOTES TO EDITORS: About Super Success International Limited

Super Success International is a newly formed company that was created by Mr Wang Liming. Mr Wang is Chairman of Dongguan Energy Saving and Environmental Protection Co. Ltd. He is a member of the Tenth Executive Committee of Chambers of Commerce and Industry and has several other important government associations and connections.

About Eddie Yue CEO.

With more than 20 years experience across Hong Kong, Canada, Taiwan and China. Eddie held a number of major roles in public listed companies in the Information Management & Logistics industry, as well as manufacturing. Eddie has led significant growth through the introduction of new products and by expanding into new markets. He
has contributed tremendously to the success of sales and marketing in the Greater China market formerly with Databox as Deputy Country Manager and COO of Great East Packaging Holdings Ltd.,

About Symphony Environmental Technologies plc

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC is a specialist in controlled-life plastic technology and products - a system that works by a process called oxo-biodegradation. The technology is branded d2w® and appears as a droplet logo on many thousands of tonnes of plastic packaging and other plastic products.

Symphony's d2w® technology turns plastic at the end of its service-life into a material with a completely different molecular structure. At that stage it is no longer a plastic and can be bioassimilated in the open environment in the same way as a leaf.

For a video of d2w® plastic degrading see http://degradable.net/play-videos/4

Symphony has a diverse and growing customer-base and has established itself successfully as an international business with 67 distributors around the world. Products made with d2w® plastic technology can now be found in more than 96 countries and in many different product applications.

Symphony is a member of The British Plastics Federation (BPF), the Oxo-biodegradable Plastics Association (www.biodeg.org), and the Society for the Chemical Industry (UK). Symphony is also a member of the European Organisation for Packaging & the Environment (Europen), and the Pacific Basin Environmental Council, Symphony actively participates in the Committee work of the British Standards Institute (BSI), the American Standards Organisation (ASTM), the European Standards Organisation (CEN), and the International Standards Organisation (ISO).

Symphony also supplies d2p anti-microbial technology that can be used in most types of plastic products to help protect against infection, and has developed d2Detector, a portable device which analyses plastics and detects counterfeit products.

Symphony is also developing innovative and cost-effective waste-to-value technology to convert scrap tyres and other waste-streams into valuable products.

Further information on the Symphony Group can be found at www.d2w.net.

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This press release was issued by Symphony Environmental Technologies plc and was initially posted at http://symphonycorporate.co.uk/files/uploaded/181_China_22_March_2012.pdf . It was distributed, unedited and unaltered, by noodls on 2012-03-22 11:29:45 AM. The issuer is solely responsible for the accuracy of the information contained therein.