Result of General Meeting

Redstone PLC

("Redstone" or the "Company")

Result of General Meeting, Issue of Equity and Director's Dealing 

Redstone plc (the "Company" or "Redstone") is pleased to announce that at a General Meeting of the Company held earlier today, each of the resolutions set out in the notice of general meeting annexed to a circular of the Company dated 13 February 2013 (the "Circular"), relating to the proposed Capital Reorganisation, Reduction of Capital, Demerger of Redstone's Network-Based Managed Services Business and Placing to raise £6 million (before commission and expenses), was duly passed.

Issue of Equity and Director's Dealing

As described in the Circular, in order to ensure that the entire issued ordinary share capital of Redstone is divisible by eight at the Capital Reorganisation Record Time, the Board has allotted 6 new Redstone Ordinary Shares to Richard Ramsay, Non-Executive Chairman of Redstone, at a price of 1.225 pence per share, being the closing mid market price on 1 March 2013, the last business day prior to this announcement. Application will be made to the London Stock Exchange for the new Redstone Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on 8 March 2013. Following Admission, there will be 4,389,738,856 Redstone Ordinary Shares in issue.

Furthermore, as was also described in the Circular, in order for the Demerger to qualify for certain beneficial tax treatments, the share capitals of Redstone and Redcentric must, at the relevant time, be identical. Redcentric's share capital comprises one ordinary share and 50,000 redeemable shares and, therefore, the Board has allotted 500,000 redeemable shares of 10 pence each in Redstone to Richard Ramsay at a price of 10 pence per redeemable share (one-quarter paid up) in order to ensure that the share capital of Redstone mirrors the share capital structure of Redcentric at the Demerger Effective Date. The redeemable shares will not be admitted to trading on AIM.

Following the above allotments, Richard Ramsay will hold 3,481,206 Redstone Ordinary Shares, representing 0.08 per cent. of the issued share capital and 500,000 redeemable shares of 10 pence each in Redstone.

New ISIN

Following the Capital Reorganisation and the Redstone Reduction of Capital, the ISIN for the New Redstone Ordinary Shares will be GB00B8PR3G81.

General

Capitalised terms used in this announcement but not defined have the meanings given to them in the Circular published by Redstone on 13 February 2013.

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