Coats Regulatory News (COA)

4 Feb 2008 07:00

1 February 2008 Newbury Racecourse PLC ("Newbury" or the "Company") EGM Requisition

The Company has received a requisition to convene an Extraordinary General Meeting ("EGM") under Section 303 of the Companies Act 2006 from GPG (UK) Holdings plc (a wholly owned subsidiary of Guinness Peat Group plc) and Allied Mutual Insurance Services Limited.

The Independent Directors will be discussing this requisition with their advisers. A further announcement will be made in due course and in any event the Independent Directors will be writing to shareholders within 21 days.

In the meantime, the Independent Directors recommend that shareholders take no action.

Set out below is the full text of the letter from Guinness Peat Group plc to the Company, requisitioning an EGM.

"1 February 2008

Dear Sirs

Newbury Racecourse PLC ("Company")

We, the undersigned, require you immediately to proceed to convene an extraordinary general meeting of the Company to consider and, if thought fit, pass the following resolutions (which will be proposed as ordinary resolutions) subject to special notice having been given to the Company pursuant to Sections 168 and 312 of the Companies Act 2006:

1. THAT this meeting requests and recommends that the directors of the Company ensure that neither the Company nor any subsidiary of the Company shall dispose of all or any part of or any interest in the surplus land of the Company or any subsidiary of the Company or enter into any agreement, arrangement or commitment with David Wilson Homes Limited or any other member of the Barratt Developments PLC group of companies to effect a transaction of the type described in the Company's circular to shareholders dated 15 January 2008, unless the making of any such disposal, or the entry into of any such agreement, arrangement, or commitment is first approved by the shareholders of the Company by ordinary resolution in general meeting.

2. THAT in accordance with section 168 of the Companies Act 2006 Sir David Sieff be removed from office as a director of the Company with immediate effect.

3. THAT in accordance with section 168 of the Companies Act 2006 Mr Nicholas Jones be removed from office as a director of the Company with immediate effect.

4. THAT in accordance with section 168 of the Companies Act 2006 Mr Brian Stewart-Brown be removed from office as a director of the Company with immediate effect.

5. THAT Mr Richard Laurence Todd be appointed as a director of the Company with immediate effect.

We confirm that we together hold the required percentage of the paid up capital of the Company that carries the right to vote at general meetings of the Company in accordance with section 303 of the Companies Act 2006.

Dated: 1 February 2008Full Name Shareholding GPG (UK) Holdings plc 341,852 ordinary shares of 10p each in the capital of the Company Allied Mutual Insurance 60,000 ordinary shares of 10p each in the capitalServices Limited of the Company" Enquiries:

Arbuthnot Securities Limited 020 7012 2000

Tom Griffiths / Richard Tulloch

Hudson Sandler 020 7796 4133

Jessica Rouleau / Michael Sandler

Note: The "Independent Directors" are the directors of the Company other than Mark Butcher.