Following the announcement made on 26th May 2006, SSL International plc (SSL) is pleased to announce that it has completed the acquisition of the 50% of the shares it did not already own in its China joint venture Qingdao London Durex Co Ltd ("QLD").

QLD manufactures Durex condoms for the Chinese market.

The purchase price of the shares is US$37.5 million (£19.1 million at current exchange rates) and has been satisfied from existing banking facilities.

Sales and operating profit of QLD in the year to 31st March 2006 were approximately £10 million and £5 million respectively. The operation has the capacity to produce 140 millions condoms a year.

After nine months the outlook for SSL for the full year to 31st March 2007 continues to be in line with market expectations.

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