Result of Meeting

RNS Number:9743X
Technoplast Industries Ld
25 April 2004

                                                     R. YOHAY & CO., LAW OFFICES

                                  TOP  TOWER,  50, DIZENGOFF ST., TEL AVIV 64332
             FAX:   [phone]    e-mail: [e-mail]  TEL: [phone]    

                                                         ROBERT YOHAY
                                                         GILL RIMON
                                                         EYNAT BRETSHNAIDER

Tel Aviv, 25 April 2004

The London Stock Exchange
Company Announcements Section
Fax: [phone]


Dear Sir,

         RE:             Technoplast Industries Ltd - Immediate report


Technoplast Industries Ltd. (hereinafter: "the Company") has announced to the
Tel Aviv Stock Exchange and to the Israeli Securities Authority, as an immediate
report, and further to the Company's immediate reports of 30 November 2003 and 1
April 2004, that on 22 April, the Company's unsecured creditors meeting approved
the Company's proposed creditors arrangement (89.9% of the unsecured creditors
holding 94.4% of the Company's debt to unsecured creditors participating in the
vote voted in favor of the proposed creditors arrangement).

Subsequent to the above approval, the Company is expected to strike between NIS
4.5 million to NIS 6.5 million, depending on the alternative chosen be the
Company's unsecured creditors with respect to the rate of payment in cash.

For details regarding the Company's creditors arrangement please see the
Company's immediate report of 1 April 2004.



The Company's secured creditors meeting had been adjourned and shall
convene within the next few days.



                                Yours Sincerely,



                                Gill Rimon, Adv.

                          R. Yohay & Co., Law Offices




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