Result of AGM

Palace Capital plc

("Palace Capital" or the "Company")

Result of AGM

Palace Capital, the property investment company that focuses on commercial property outside London, announces that at the Company's annual general meeting, held earlier today, all resolutions were duly passed.

Date: 8 July 2015

For further information contact:

Palace Capital plc

Stanley Davis, Non-executive Chairman

Neil Sinclair, Chief Executive

Tel. +44 (0)20 3301 8331

Allenby Capital Limited (Nominated Adviser and Joint Broker)

Nick Naylor / James Reeve

Tel. +44 (0)20 3328 5656

Arden Partners plc (Joint Broker)

Chris Hardie / Ciaran Walsh

Tel. +44 (0)207 614 5917

Broker Profile (Financial PR)

Simon Courtenay / Harry Rippon Tel. +44 (0)20 7448 3244