BPC.L Regulatory News (BPC)

21 May 2010

BPC Limited

("BPC" or the "Company")

Proposed Re-domicile to Isle of Man

Result of Court Meeting and Extraordinary General Meeting

The board of BPC announces that, further to its announcement of 26 April 2010 relating to the proposed re-domicile of the group's holding company from the Falklands Islands to the Isle of Man by way of a Scheme of Arrangement (the "Scheme"), the Court Meeting and Extraordinary General Meeting ("EGM") were held yesterday with the following results:

·; At the Court Meeting, shareholders approved without modification the Scheme as more particularly set out in the circular sent to shareholders on 26 April 2010 (the "Circular").

·; At the EGM, which followed the Court Meeting, shareholders passed a special resolution approving certain matters relating to the implementation of the Scheme, as more fully set out in the Circular.

The Scheme will now be heard by the Supreme Court of the Falkland Islands, which is currently set to be heard before the Chief Justice on 11 June 2010.

The timetable of events (which remains subject to change) is expected to be as follows:

·; Hearing before Supreme Court of the Falkland Islands: 11 June 2010

·; Effective Date for Scheme: 15 June 2010

·; Scheme Record Time: 6.00pm on 15 June 2010

·; Cancellation of BPC Limited listing on AIM: 8.00 am on 15 June 2010

·; First day of trading of BPC Plc on AIM: 16 June 2010

Capitalised terms in this announcement carry the same meaning as ascribed to them in the Circular.

Enquiries: