Result of 2010 AGM

ESERVGLOBAL LIMITED 2010 ANNUAL GENERAL MEETING RESULTS

25 November 2010

eServGlobal Limited (ASX: ESV & LSE: ESG) today announced the details of the resolutions and the proxies received in respect of those resolutions at the company's 2010 annual general meeting, which are set out below.

2 ADOPT REMUNERATION REPORT

The instructions given to validly appointed proxies in respect of the resolution were as follows:

The motion was carried as an ordinary resolution on a show of hands.

3 RE-ELECTION OF DIRECTOR - DAVID SMART

The instructions given to validly appointed proxies in respect of the resolution were as follows:

The motion was carried as an ordinary resolution on a show of hands.

4 ELECTION OF DIRECTOR - JAMES BROOKE

The instructions given to validly appointed proxies in respect of the resolution were as follows:

The motion was carried as an ordinary resolution on a show of hands.

5 APPROVE CAPITAL REDUCTION

The instructions given to validly appointed proxies in respect of the resolution were as follows:

The motion was carried as an ordinary resolution on a show of hands. 

Despite the motion being passed, it was noted at the meeting that the required class and private rulings from the Australian Taxation Office (ATO) had not yet been obtained. As such, the timetable regarding payment of the capital return as set out at clause 5.12 of the explanatory memorandum is no longer applicable. If satisfactory rulings are received from the ATO in due course, the company will announce a final timetable for the proposed capital reduction including the despatch date for the payment of the capital reduction to shareholders.

ENDS

eServGlobal Limited is listed on the Australian Securities Exchange (ASX: ESV) and the London Stock Exchange AIM market (LSE: ESG). More information can be found at: www.eservglobal.com

Corporate Broking, Chloe Ponsonby