Result of EGM

4 May 2012

FLYING BRANDS LIMITED

RESULT OF EXTRAORDINARY GENERAL MEETING ("EGM")

Flying Brands Limited (the "Company") is pleased to announce that the resolution put to shareholders at the Company's EGM held earlier today relating to the proposed transfer of the Company's category on the Official List of the UK Financial Services Authority from a premium listing (commercial company) to a standard listing (shares) (the "Transfer of Listing") was duly passed on a show of hands.

Following shareholder approval, the Company will submit its application for the Transfer of Listing to the UK Listing Authority today. Accordingly, the Company expects the Transfer of Listing to take effect on or around 6 June 2012.

The following levels of proxy appointments were received by the Company prior to the EGM:

Notes:

(i) Proxy appointments which gave discretion to the Chairman have been cast in favour of each resolution.

(ii) Issued share capital at 4 May 2012: 28,073,735 ordinary shares. Proxy appointments were received from shareholders of 15,224,441 ordinary shares amounting to 54.23% of the issued share capital.

(iii) A "Vote Withheld" is not counted towards the votes cast "For" or "Against" the resolutions.

A copy of the resolution passed at the EGM is available for inspection on the National Storage Mechanism at www.hemscott.com/nsm.do.

For further information, please contact:

Flying Brands Limited 01245 228 300

Stephen Cook, Chief Executive

Stuart Dootson, Group Finance Director

Singer Capital Markets Limited 020 3205 7500

Claes Spang

Nick Donovan

Smithfield Consultants 020 7360 4900

John Kiely