Coral Products Regulatory News (CRU)

3 October 2012

Coral Products plc

("Coral" or "the Company")

Cancellation of Share Premium Account and Capital Redemption Reserve

In the circular dated 3 August 2012 ("Circular"), the Company notified shareholders of its intention to cancel its share premium account and capital redemption reserve ("Cancellation") to enable it to credit the resulting sums (which, as at 30 April 2012, amounted to £6,977,000 and £7,000, respectively) to the Company's profit and loss account for the purpose of, inter alia, making distributions to shareholders.

The Circular also stated that "the cancellation of the Company's share premium account and capital redemption reserve will only become effective if (in the following order) (i) the Resolution is approved by Shareholders at the General Meeting, (ii) confirmation is given by the Court and (iii) the Court order and a statement of capital are delivered to and registered by Companies House."

Shareholders resolved to approve the Cancellation at the general meeting held on 29 August 2012.

Coral is pleased to announce that today the Cancellation was confirmed by the court and it is therefore now dependent only on delivery to and registration by Companies House of the court order and statement of capital, which are expected shortly. Thereafter, the Company's profit and loss account will be credited with the aggregate sum of £6,984,000, which will enable the Company to continue its dividend policy subject to, inter alia, the future earnings of the Company.

Enquiries