Notice of general meeting

15 February 2013

Coburg Group Plc 

('Coburg' or 'the Company')

Notice of general meeting

The Company is today posting to Shareholders notice of a general meeting to be held at the Company's registered office, Unit 3, Harrington Way, Warspite Road, Woolwich, London SE18 5NU at 12 noon on Friday 15 March 2013.

At the general meeting, Shareholders will be asked to vote on the following:

1. To extend the Company's investing policy to include unquoted businesses and investment in natural resource projects, but to narrow the focus to mineral exploration, mining and extraction.

2. To authorise the issue of up to £185,000 Loan Notes expiring 30 May 2014 and bearing interest of 6 per cent. per annum and convertible on the basis of one Ordinary Share for every 65p in nominal amount of Loan Notes.

3. To authorise the issue of Ordinary Shares pursuant to the exercise of warrants, for cash and for other purposes.

The interim results announced on 31 January 2013 referred to the proposed placing of 175,000 Ordinary Shares at 60p per Ordinary Share, and the issue of £80,000 in nominal principal amount of Convertible Loan Notes to raise a total of £185,000. Since the publication of the interim results, following discussions with Shareholders and having regard for the provisions of the Takeover Code, the Board intends to raise £185,000 exclusively through a placing of the Loan Notes with a conversion price of 65p per Ordinary Share.

It is intended that Jeremy Maynard and Konrad Legg who are Directors and Bruce Rowan, a substantial shareholder, subscribe for the Loan Notes. Accordingly, the issue of Loan Notes comprises a related party transaction under Rule 13 of the AIM Rules for Companies. The independent Director, having consulted with the Company's Nominated Adviser, considers that the terms of the transaction are fair and reasonable insofar as the Coburg Shareholders are concerned

Copies of the notice of general meeting will be available on the Company's website, http://www.coburg-group.com.

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