Result of AGM

Cosalt plc

("Cosalt" or "the Company")

Result of Annual General Meeting ("AGM")

The Board of Cosalt announces that at its AGM held earlier today, all Resolutions (as set out in the Notice of AGM of the Company dated 1 June 2012) were passed by the required majority of 50% for Resolutions 1,2 and 3, and 75% for Resolutions 4 and 5.

The decision was reached by a poll at the meeting and the result of the poll for each resolution was as follows:

Resolution 1: a total of 228,615,511 votes (representing 82.94% of total votes cast) were lodged in favour of the Resolution, with 47,036,726 votes lodged against (17.06% of total votes cast). A total of 9,445,447 votes cast were withheld.

Resolution 2: a total of 229,444,031 votes (representing 83.21% of total votes cast) were lodged in favour of the Resolution, with 46,292,187 votes lodged against (16.79% of total votes cast). A total of 9,361,466 votes cast were withheld.

Resolution 3: a total of 228,678,770 votes (representing 82.93% of total votes cast) were lodged in favour of the Resolution, with 47,076,522 votes lodged against (17.07% of total votes cast). A total of 9,342,392 votes cast were withheld.

Resolution 4: a total of 228,640,701 votes (representing 82.92% of total votes cast) were lodged in favour of the Resolution, with 47,111,012 votes lodged against (17.08% of total votes cast). A total of 9,345,971 votes cast were withheld.

Resolution 5: a total of 229,376,840 votes (representing 83.23% of total votes cast) were lodged in favour of the Resolution, with 46,217,182 votes lodged against (16.77% of total votes cast). A total of 9,503,662 votes cast were withheld.

A copy of the Resolutions will be submitted to the National Storage Mechanism and will shortly be available for viewing online at http://www.hemscott.com/nsm.do 

Enquiries: 

Cardew Group Tel: +44 (0) 207 930 0777

Tim Robertson / Tom Horsman