TNP Technoplast

RNS Number:7050W
Technoplast Industries Ld
18 March 2004

                                                     R. YOHAY & CO., LAW OFFICES
                                  TOP  TOWER,  50, DIZENGOFF ST., TEL AVIV 64332
          FAX: 525-03 39 83e-mail: ryohay@ryylaw.com    TEL: 525-03 39 72

                                                                    ROBERT YOHAY
                                                                      GILL RIMON
                                EYNAT BRETSHNAIDER

Tel Aviv, 18 March 2004

The London Stock Exchange
Company Announcements Section
Fax: 44-207-5886057



Dear Sir,

            RE:       Technoplast Industries Ltd - Immediate report

At the request of the Israeli Securities Authority and further to the immediate
report issued on 17 March 2004, Technoplast Industries Ltd. (hereinafter: "the
Company") has announced to the Tel Aviv Stock Exchange and to the Israeli
Securities Authority, a clarification of the following details:

1.   The guarantee given by the Company to a certain bank for the payment
     of SMS' debts, amounts to approximately US$ 400,000.

2.   The portion of SMS's profits, that the Company shall be entitled to
     is 15% of any of SMS's net annual profits in excess of 3,000,000 NIS, pro 
     rata to the Company's holdings in SMS prior to the sale of the shares, over 
     a period of 60 months, but in any case no more 650,000 NIS in aggregate.



  Yours Sincerely,


                                Gill Rimon, Adv.
                          R. Yohay & Co., Law Offices


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