Result of Meeting

8 Aug 2007 15:30

Bristol & West PLC08 August 2007 8 August 2007 Resolution passed to approve a variation of rights of the holders of the 8.125per cent. non-cumulative, non-redeemable preference shares of Bristol & West plc (the "Preference Shares" each holder being a "Preference Shareholder") in connection with a Reduction of capital of Bristol & West plc ("B&W"). Result of class meeting The Board of B&W is pleased to announce that the resolution to approve thevariation of Preference Shareholder rights, so as to allow PreferenceShareholders either to elect to receive a cash payment (make a "Cash Election")or retain their Preference Shares following B&W's proposed reduction of capital(the "Reduction"), was duly passed at a class meeting held earlier today. The voting on the resolution to approve the variation of Preference Shareholderrights was taken on a poll and the results were as follows: Number of % of % of issued Number of % of Preference Preference Preference Preference Preference Shareholders Shareholders voting voting Shares Shares Shares eligible voted voted to vote at this meetingFor 43,447,499 98.57% 55.31% 9668 11.65%Against 631,760 1.43% 0.80% 321 0.39% Preference Shareholders wishing to make a Cash Election must ensure that theircompleted forms of election or appropriate TTE instructions are delivered toCapita Registrars as soon as possible, and in any event, by no later than 5.00pmon 28 August 2007, in accordance with the instructions set out in Part III ofthe circular to Preference Shareholders dated 20 July 2007. Cash Elections are conditional on the Reduction becoming effective. TheReduction becoming effective is conditional on the High Court of Justice forEngland and Wales making an order confirming the Reduction and the registrationof the order and minute of reduction by the registrar of companies, which willmake the Reduction effective. The Court hearing at which B&W will seekconfirmation of the Reduction is expected to take place on 17 September 2007.The registration of the order and minute of Reduction is expected to take placeon 1 October 2007. B&W will make further announcements following the Courthearing and the Reduction becoming effective. It is expected that those Preference Shareholders that have made a Cash Electionwill receive their consideration no later than 14 days after the Reductionbecomes effective. For further enquiries contact:Richard Holden - Company Secretary, Bristol & West plcTel: 0117 9432583 This information is provided by RNS The company news service from the London Stock Exchange