Stock Exchange Announcements

Straight plc the recycling and products and services group announces that on 6 September 2010, in accordance with the rules of the Company's Unapproved Share Scheme (the "Scheme"), the Company made contingent share awards of ordinary shares in the Company ("Ordinary Shares").

The awards comprise a maximum conditional award of Ordinary Shares subject to the rules of the Scheme and the applicable performance target.

Awards were made as follows:

• James Mellor - Finance Director and Company Secretary - 200,000
• Mark Halford - Operations Director - 200,000

The contingent share awards are only capable of vesting if the performance targets the Remuneration Committee have attached to the awards are satisfied. The awards shall not be aggregated with existing shareholdings of the above-mentioned PDMRs unless and until the awards vest which at the earliest will be 6 September 2013.

The Company also announces that application has been made for 400,000 Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission"). The new Ordinary Shares are being issued in connection with the above contingent share awards made under the Scheme.

The new Ordinary Shares rank pari passu with the Company's existing Ordinary Shares and Admission is expected to become effective on 7 September 2010.

Following Admission, the Company will have 11,899,294 Ordinary Shares in issue with each share carrying the right to one vote. The total number of voting rights in the Company will therefore be 11,899,294.

There are no shares held in Treasury.

Straight plc (AIM:STT.L), the Environmental Products and Services Group and the UK's leading supplier of recycling containers, is pleased to announce its interim results for the six months ended 30 June 2010.

Highlights:

• Underlying Operating Profit increased from £0.95m to £0.99m
• Gross Margin increased from 18.3% to 24.8%
• Adjusted EPS increased from 6.1p to 6.5p
• Dividend increased from 1.3p to 1.35p
• Growth of 7% in overseas sales
• Acquisition of UK business and assets of Helesi
• Acquisition of Dyro Holdings

Commenting on the results, James Newman, Chairman of Straight said: "The Group continues to maintain a healthy order book and with the benefit of recent acquisitions, the Board is confident that performance in the second half of 2010 will exceed expectations."

Chief Executive, Jonathan Straight added: "We are continuing to perform in line with our stated strategy. The completion of two significant acquisitions has laid strong foundations for future growth and excellent progress continues to be made on all fronts."

Straight plc (AIM: STT), the environmental products and services group, is pleased to announce that it has acquired Dyro Holdings Limited ("Dyro"), its leading injection moulding partner, for a consideration of £2.9m.

Dyro, which trades as Powell Plastics, is based at a factory in Hull and operates more than 20 injection moulding machines. During the year ended 31 December 2009, Dyro's turnover was £10.0m and profit before tax was £1.12m. £7.1m of this turnover was attributable to the Group in the same period.

Straight has acquired the entire share capital of Dyro in a vertical integration move which will strengthen the Group's position in its core markets and also will form a platform for the Group's future development.

The Board believes that the addition of Dyro's manufacturing capability will allow the Group to enhance overall profitability and fully exploit its market leading position. Dyro's location in east Hull, with its good road links and easy access to UK ports, will also provide the Group with a new UK distribution hub and an excellent base for its growing exports business.

The consideration of £2.9m consists of an initial cash payment of £0.97m with two further cash payments of £0.97m on each of the first and second anniversaries of completion. The initial payment has been funded through a loan of £1.5m from the Group's lending bank, Lloyds TSB. The deferred element of the consideration will be funded from cash generated as a consequence of the acquisition. The balance of the loan is being used to fund Dyro's working capital requirements. Prior to completion of the acquisition, Dyro entered into a sale and leaseback agreement with the vendors on Dyro's property with an annual rent of £145,000.

Dyro has been a supplier to the Group for a number of years. During the last six months, trading with Dyro has increased considerably further to its hosting of the wheeled bin production equipment acquired by the Group from Helesi in March 2010.

In addition to the products it manufactures for the Group, Dyro also has a proprietary injection moulding business which supplies shelving and storage products to the DIY sector. These products are complementary to the Group's garden and hardware business and cost saving and cross-selling synergies are expected.

The Board is pleased to report that good progress has been made by the Group towards the operational integration of the assets acquired from Helesi. A number of customers have already been supplied with wheeled bins made by the Group in Dyro's factory. The Group has also made good progress towards re-establishing the market share it enjoyed in wheeled bins prior to the closure of Helesi's UK factory in September 2009.

Welcoming the news, Jonathan Straight, Chief Executive of Straight plc, said:

"The evolution of Straight's business model into direct production further strengthens its position in its core market place and will act as a springboard for further vertical integration as well as future acquisitions."

"Our team has considerable experience in running manufacturing businesses at both Board and management levels and this will aid the speedy integration of Dyro into the Group."

"The Board has plans to further develop its new Hull site in line with the strategic goals of the Group."

Straight plc (AIM: STT), the recycling products and services group, will be announcing its Interim Results for the six months ended 30 June 2010 on Monday 6 September 2010.

A presentation for analysts will be held at 0930hrs on the day at the offices of Redleaf Communications, 11 - 33 St John Street, London EC1M 4AA. Please register to attend by contacting Mike Ward on 020 7566 6711 or email mw@redleafpr.com.