Result of AGM

Avesco Group plc

Result of AGM and Directorate Change

Avesco Group plc ("Avesco" or the "Company"), the provider of services to the corporate presentation, entertainment and broadcast markets, today held its Annual General Meeting ("AGM").

After serving as a director of Avesco Group plc and before that Avesco plc for a total of seven years, Michael Gibbins, Chairman, has prior to the AGM today resigned from the Board and Richard Murray, formerly Deputy Chairman, has been appointed Chairman. The resolution for the re election of Michael Gibbins to the Board, included in the notice of AGM, was not proposed. All other resolutions were proposed and passed.

Following the meeting, Ami Giniger was appointed to the Board as a non executive director. Ami is the Chairman of Taya Investment Company Limited who hold 7,407,878 ordinary shares in the Company representing approximately 29.2% of the total voting rights in the Company.

In addition, Avesco intends to recruit a new senior independent non-executive director to the Board.

Richard Murray, Avesco's new Chairman, commented: "On behalf of the Board, I would like to welcome Ami to the Board and I would like to thank Michael for the substantial contribution he has made to the Group and to wish him well for the future. I am very excited to be taking over as Chairman at such an important time for Avesco. As we approach an Olympic year in 2012, the events industry can look forward to the promise of an exceptionally busy period and the challenge will be to maximise the opportunity for Avesco."

Avesco is due to announce its results for the three months ended 31 December 2010 on 15 March 2011.

For further information please contact:

Avesco Group plc 01293 583400

Ian Martin, Chief Executive

John Christmas, Finance Director

finnCap 020 7600 1658

Corporate Finance

Clive Carver/Ed Frisby

Corporate Broking

Brian Patient

Appendix

As a director of, and a controlling shareholding of, Taya Investment Company Limited, Ami Giniger is interested in 7,407,878 ordinary shares in the Company representing approximately 29.2% of the total voting rights in the Company.

In accordance with Schedule 2(g) of the AIM Rules for Companies, the following information in relation to the appointment of Ami Giniger to the Board of Avesco is disclosed:

Full name: Amiram Ben Giniger

Age: 62

Ami Giniger holds and has held within the five preceding years the following directorships and partnerships:

Current directorships and partnerships:

Taya Investment Company Ltd

Kessem Studios Ltd

Taya Izum Ltd

Kitan Industrial Development (1980) Ltd

Taya Center Ltd

Taya Communications Ltd

R.T. Studios Ltd

Regent Studios Ltd

Kessem Design Ltd

United Studios Ltd

I.C. Commercial Israel .T.V. Ltd

Herzliya Studios Ltd

Color Laboratories Herzeliya Studios Ltd

United Commercials Broadcasts Ltd

Goome Interactive Ltd

Primus Design and Animation Ltd

Actus-Imago Ltd

Amiram Giniger Investment Ltd

Giniger Amiram Management 2001 Ltd

TV and Film Festival in Rosh Pina (RA)

Past directorships and partnerships:

None

Save as set out above, there is no further information to be disclosed in respect of Schedule 2(g) of the AIM Rules for Companies.