Palace Capital Regulatory News (PCA)

Palace Capital plc (the "Company")

Result of Annual General Meeting

23 August 2011

At the Annual General Meeting held at 10.00 am today, resolution 2 as set out in the notice of AGM dated 26 July 2011 was amended by unanimous approval of the members present at the AGM so that Stanley Davis (as well as Neil Sinclair) was also re-appointed to the Board, and immediately thereafter resolutions 1, 2 (as amended) and 3 were duly passed.

For further information, please contact:

Palace Capital plc

Neil Sinclair, Managing Director

Tel: +44 (0)20 7722 7603

Fairfax I.S. PLC

Katy Birkin

Tel: +44 (0)20 7598 5368

Lehmann Communications plc

Ronel Lehmann

Tel: +44 (0) 20 7266 3020