Result of General Meeting and Total Voting Rights

VPhase plc

("VPhase" or the "Company")

Result of General Meeting and Total Voting Rights

VPhase plc, (AIM:VPHA), a leading developer of energy saving products for residential and commercial properties, today announces that all resolutions were passed at the General Meeting of the Company held today. As a result, the placing of 470,000,000 new ordinary shares of 0.25p each ("Placing Shares") at a price of 0.5p per share to raise gross proceeds of £2.35 million announced on 17 November 2011 has now completed, subject to admission of the Placing Shares to trading on AIM. It is expected that admission of the Placing Shares to AIM will become effective and dealings will commence on 6 December 2011.

Following the issue of the Placing Shares, the issued share capital will comprise 1,272,210,361 Ordinary Shares of 0.25p each, with each share carrying the right to one vote. There are no shares held in Treasury.

The total number of voting rights in the Company will therefore be 1,272,210,361.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, VPhase under the FSA's Disclosure and Transparency Rules.

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About VPhase

VPhase plc is an energy efficiency technology company that launched the first domestic voltage optimisation device in the UK. The VPhase VX1 lowers the voltage in the home, reducing the energy consumption of many electrical appliances, saving money and reducing carbon emissions.

The VPhase device:

- has been proven to save up to 12% off home electricity bills;

- is easily installed by a qualified electrician;

- does not require a change in lifestyle or electricity supplier;

- is low cost, with a typical payback of under 5 years;

- has a 5 year manufacturer's warranty and an expected lifespan in excess of 25 years;

- can save up to 4.5 tonnes of CO2 over its 25+ year life;

- attaches to the consumer unit (fuse box) and regulates the voltage to 220 volts;

- is the next most affordable and effective green option for the home, after insulation.

The VPhase VX1 has been extensively tested with independent verification supporting the saving claims, including an Ofgem approved CERT demonstration action, social housing trials and a range of independent consumer trials. Many electrical appliances in the home will benefit from having their voltage optimised and reduced, including fridges, freezers, central heating pumps, televisions, washing machines, vacuum cleaners, etc. - and even 'energy-saving' light bulbs. As well as reducing the home's electricity bill, there is evidence that the life of electrical appliances can be extended by the use of this product; light bulbs in particular, have demonstrated at least a doubling of operating life when on a voltage optimised circuit.

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