Press Release 1 September 2016

For immediate release

VANDEN RECYCLING COMMENTS ON RECEIVERSHIP OF HANJIN SHIPPING CO LTD

Vanden Recycling managing director David Wilson said: "The receivership of South Korea's Hanjin Shipping Co Ltd will cause disruption for a number of exporters of recyclable material.

"With ports in China blocking access to Hanjin vessels, there will be a large number of containers trapped on the water, at least in the short term. Eventually, I would hope that this material would find a destination once the receivership picture becomes more clear and we will be working hard to ensure the small number of loads we have with Hanjin at present will go to where we intended.

"This could also lead to increased shipping costs for exports, as there will be less competition in the market with the seventh largest shipping line in the world going into receivership. We could start to see this having a negative impact on price over the coming days and weeks."

For more information, contact: Adrienne Robins at Hanicke Robins Sanderson on 077855 643094 or emailadrienne.robins@harosa.comor alternatively Paul Sanderson on 0774 778 5980 or emailpaul.sanderson@harosa.com

About Vanden Recycling

Vanden Recycling is a subsidiary of Vanden Global - the route from plastics recycling to manufacturing. We do this by identifying the most efficient way to recycle plastics through our own recycling capacity in England and through over 200 customers in 15 countries.

Formed in 2005, Vanden Global has successfully expanded from its Hong Kong headquarters to locations in Asia, Europe and Australia. Vanden Recycling is based in Northern Ireland and operates throughout UK and Ireland.