Real Est.cred Regulatory News (RECI)

4 Sep 2008 15:39

QUEEN'S WALK INVESTMENT LIMITED

Results of the Annual General Meeting - 4 September 2008 at 12.00 p.m.

The Board of Directors of Queens Walk Investment Limited is pleased to announce that, at the Annual General Meeting of the Company held earlier today, the following Ordinary Resolutions were approved by shareholders:

1. To receive and adopt the Directors' report and financial statements for the period ended 31 March 2008.

2. To reappoint Deloitte & Touche LLP as Auditors.

3. To authorise the Directors to fix the remuneration of the Auditors.

4. To re-elect Talmai Morgan as Director.

5. To re- elect Christopher Spencer as a Director.

6. To authorise the Company unconditionally and generally for the purpose of Section 5 of The Companies (Purchase of own Shares) Ordinance, 1998 to make market purchases (as defined in Section 18 of the ordinance) of ordinary shares of no par value in the capital of the Company on such terms and in such manner as the Directors may from time to time determine, provided that;

i. the maximum number of shares authorized to be purchased is the number that

is equal to 14.99 per cent of the issued share capital of the Company as at

the close of trading on the London Stock Exchange on 31 August 2008,

rounded down to the nearest whole share;

ii. the minimum price which may be paid for a share is Euro 0.01;

iii. the maximum price which may be paid for a share is an amount equal to the

higher of:

a. 105 per cent of the average of the closing price of the Company's ordinary

shares as derived from the London Stock Exchange Daily Official List for

the five business days immediately preceding the day on which such share is

contracted to be purchased; or

b. the higher of the price of the last independent trade and the highest

current bid as stipulated by Article 5(1) of Commission Regulation (Directive 2003/6/EC) 22 December 2003 implementing the Market Abuse Directive with regard to exemptions for buy back programmes and stabilization of Financial Instruments (No 2273/2003);

iv. the authority hereby conferred shall expire at the conclusion of the Annual

General Meeting of the Company for the year 31 March 2009 unless such

authority is renewed prior to such time.

Enquiries@

The Secretary: nicholas.lecornu@kbci.com

00 44 1534 613407