PPG.L Regulatory News (PPG)

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

10 January 2020

PLUTUS POWERGEN PLC

("Plutus", the "Group" or the "Company")

Result of General Meeting

The Board of Plutus announces that at the General Meeting of the Company held earlier today, a poll was taken on each of the resolutions proposed. Resolutions 1 to 3 pertaining to the removal of Charles Tatnall, James Longley and Tim Cottier were not passed. Resolutions 4 to 6 pertaining to the appointment of Nicholas Lee, David Horner and Dr. Nigel Burton were not passed.

Accordingly, the board of the Company will remain unchanged and be composed of Charles Tatnall (Executive Chairman), James Longley, (Interim CEO and Chief Financial Officer) and Tim Cottier (Non-Executive Director).

The results of each resolution are set out below and will also be available on the Company's website shortly.

Votes "For" and "Against" are expressed as a percentage of votes received. A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" and "Against" a resolution. Votes were cast for a total of 590,673,003 ordinary shares of 0.1 pence, representing 68% of the total number of votes capable of being cast at the GM for every resolution. The Company's issued share capital as at today's date is 872,534,994 ordinary shares and the number of votes per share is one. Each of the resolutions were proposed as ordinary resolutions. 12,406 votes were withheld for resolutions 1, 2,4 and 6. 92,406 votes were withheld for resolution 3. 1,727,971 votes were withheld for resolution 5.

**ENDS**

 For further information, please visit www.plutuspowergen.com, or contact: