Tavistock Regulatory News (TAVI)

29 July 2013

SOCIALGO PLC

RESULT OF GENERAL MEETING

The board of SocialGO Plc ("SocialGO" or "Company") is pleased to announce that at the general meeting of the Company held today the resolution proposed ("Resolution") was passed. As a consequence the Company's name has today been changed to Tavistock Investments plc (ticker TAVI) and the Board look forward with enthusiasm to developing a profitable business in the financial services sector.

Placing, Capital Reorganisation and Change of Name

As a result of the passing of the Resolution, the Company has successfully raised £200,000 to pursue its investment policy, a summary of which is set out below. The Company's ordinary shares of 1 penny each have been subdivided into one new ordinary share of 0.01 pence each ("New Ordinary Share") and one deferred share of 0.99 pence each. 900,344,739 New Ordinary Shares, comprising 465,344,739 New Ordinary Shares arising from the existing issued ordinary shares of 1 penny each, 400,000,000 New Ordinary Shares issued for cash and 35,000,000 New Ordinary Shares issued as settlement for professional fees, will be admitted to trading on AIM under the Company's new name of Tavistock Investments Plc with effect from 30 July 2013.

Divestment of Existing Business

The Company has today disposed of its entire operating business to DWAV Limited ("DWAV") for a nominal consideration of £1. DWAV's initial shareholder has undertaken to the Company that he will immediately gift (for nil consideration) all of the shares in DWAV to shareholders in SocialGO in such proportion as will result in their holding the same proportion of the issued share capital of DWAV as they hold in the Company today. In this manner, Shareholders will maintain an identical ownership interest in the Company's business, which in future will operate in a lower cost private company environment. Shareholders will also retain their original holding in the Company and may benefit from its future investing activities.

Change of Directors

Neil Goodall, Brett Morris, Alex Halliday, Steve Hardman and Ian Livingstone have all resigned as directors of the Company with immediate effect.

Investing Policy

Following the General Meeting, the Company is an Investing Company under the AIM Rules and its investing policy is to either acquire or invest in a business or businesses which have some or all of the following characteristics:

* strong management with a proven track record;

* ready for investment without the need for material re-structuring by the Company;

* generating positive cash flows or imminently likely to do so;

* via an injection of new finances or specialist management, the Company can enhance the prospects and therefore the future value of the investment;

* able to benefit from the Director's existing network of contacts; and

* the potential to deliver significant returns for the Company.

The Company will initially focus on opportunities within the financial services sector located in the United Kingdom but may consider investments in other sectors or in other geographical regions that the Directors have expertise in.

Moreover, the criteria set out above are not intended to be exhaustive and the Directors may make an investment which does not fulfil any or all of the investment criteria if they believe it is in the best interests of Shareholders as a whole. Whilst the Directors will be principally focused on making an investment in private businesses, they would not rule out investment in listed businesses if this presents, in their judgment, the best opportunity for Shareholders.

The Directors believe that their broad collective experience together with their extensive network of contacts will assist them in the identification, evaluation and funding of appropriate investment opportunities. When necessary, other external professionals will be engaged to assist in the due diligence on prospective targets and their management teams. The Directors will also consider appointing additional directors with relevant experience if required.

The Directors recognise that the Investment Policy outlined above carries a certain degree of risk, but they believe that the successful implementation of the strategy may result in strong capital growth for Shareholders. The Company's new Investing Policy will be led by Oliver Cooke who has significant experience in support services, software, technology and financial services and the Company will identify and invest in or acquire one or more businesses within these sectors.

For further information:

SocialGO plc (to be renamed Tavistock Investments Plc)

Oliver Cooke, Executive Chairman Tel: 07768 152150

Northland Capital Partners Limited

William Vandyk/Matthew Johnson Tel: 020 7796 8800

Peterhouse Corporate Finance Limited

Jon Levinson/Lucy Williams/Eran Zucker Tel: 020 7469 0930