Result of EGM

25 Sep 2009 12:23

PLUS Markets Group plc Result of General Meeting, Issue of Securities, Changes to the Board of Directors and Completion of the Amara Dhari transaction

25 September 2009

Result of General Meeting

The Board of PLUS Markets Group plc (the "Company") is pleased to announce that at the General Meeting held today, all resolutions put to shareholders were duly passed.

Issue of Securities

The resolutions put to the Company's shareholders at the General Meeting having been passed and the Board of Directors having been granted the necessary authorities to issue the relevant securities in accordance with the Investment Agreement dated 4 September 2009 (the "Investment Agreement") with Amara Dhari Investments Limited ("Amara Dhari"), the Company today resolved to issue:

1. 66,666,667 new ordinary shares credited as fully paid in the Company's

share capital to Amara Dhari in consideration for the subscription of five

million sterling ( 5 million) by that entity conditional solely on

admission of the new Ordinary Shares ("Admission") to the AIM Market of

London Stock Exchange plc ("the AIM market"); and

2. 3,666,667 new ordinary shares credited as fully paid in the Company's share capital to Qatar Consulting Company subscribed using the 275,000 arranger's fee paid to Qatar Consulting Company pursuant to the Investment Agreement conditional solely on Admission; and

3. Amara Dhari with a warrant to subscribe for up to a further 58,000,000 new ordinary shares at 5 pence per ordinary share upon the attainment of certain conditions pursuant to the Warrant Agreement dated 25 September 2009.

The Company has applied for admission of the new ordinary shares to the AIM market to take effect on 1 October 2009.

Pursuant to the FSA's Disclosure and Transparency Rules, Spencer John Wilson today notified the Company that he is the sole director and shareholder of Amara Dhari Investments Limited at the present time. Upon admission of the new ordinary shares to the AIM market, Amara Dhari will own 17.23% of the Company's issued share capital.

Change of Directors

The Company further resolved to appoint Hisham S. Al Otaibi and Ahmed Ibrahim Al Asfour as non-executive directors of the Company with effect from Admission. Ian Salter and Giles Vardey will be stepping down as non-executive directors from Admission.

For further information, please contact:

Simon Brickles 020 7553 2000PLUS Markets Group plcNick Westlake 020 7260 1345

Numis Securities Limited (NOMAD)

John Parry 020 7490 8062

Rostron Parry (PR Enquiries)