Results of General Meeting

United Carpets Group plc

Results of General Meeting to approve the Capital Reduction and trading update

United Carpets Group plc ("the Group" or "the Company" or "United Carpets"), the second largest chain of specialist retail carpet and floor covering stores in the UK, announces that at its General Meeting held earlier today, the resolution proposed to approve the Capital Reduction was duly passed.

As set out in the circular to shareholders dated 24 July 2014, the Capital Reduction (having now been approved by shareholders at the General Meeting) will be subject to the scrutiny of, and confirmation by, the High Court and, subject to that confirmation and registration by the Registrar of Companies of the order of the High Court, is expected to take effect in September 2014. Assuming that there is no material change in the financial position or prospects of the Company, and subject to any undertakings which the Company may be required to offer the High Court for the protection of creditors, the Board anticipates that the Capital Reduction will result in the creation of distributable reserves of approximately £4,362,000. Once the retained earnings deficit of £3,418,000 is extinguished the sum of up to £944,000 will be potentially available for future distribution.

Group sales for the first 20 weeks of the current financial year have improved a little (on a like for like basis) since the outlook statement provided as part of the preliminary results announcement on 24 July 2014 and, overall, trading continues to be in line with market expectations.

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