Result of General Meeting

PAN PACIFIC AGGREGATES PLC

Result of Company Voluntary Arrangement Members' Meeting, Result of General Meeting, and Update regarding suspension from trading on AIM

On 23 May 2011, Pan Pacific Aggregates plc ("PPA" or the "Company") announced the details of the terms of the company voluntary arrangement (the "CVA Proposal") proposed by the directors of the Company, and that the CVA Proposal document had been posted to unsecured creditors and shareholders of the Company (the "CVA Proposal Document").

Meetings of creditors were held yesterday to consider the CVA Proposal and the Company is pleased to announce that the CVA Proposal was approved without modification by a majority of more than 75 per cent. in value of the unsecured creditors of the Company present at the meeting in person or by proxy (including by the requisite majority of those unsecured creditors which are not related to the Company).

The Chairman of the meeting intends to lodge the necessary reports of the meeting with the relevant courts today.

The Company continues to trade under the control of Directors, operating as a going concern. The Company is not in administration as a result of the approval by creditors of the CVA Proposal.

Result of General Meeting

The Board of PPA is pleased to confirm that all the resolutions proposed at the General Meeting held yesterday were duly passed.

Update regarding suspension from trading on AIM

Following approval of the Company Voluntary Arrangement set out above, the Company's shares remain suspended from trading on AIM, pending (i) clarification of the Company's financial position and; (ii) publication of the Company's audited annual accounts, the latter expected to be notified and sent to shareholders by 30 June 2011 pursuant to AIM Rule 19.

As announced on 23 May 2011, the Board has entered into discussions with potential providers of finance in relation to a placing of up to £3m. Pending the outcome of funding discussions, the Company continues to reduce costs and closely monitor its working capital position. The Board is optimistic that discussions will lead to a successful outcome.

If the Placing does not proceed and the Company is unable to obtain alternative financing, there would be a material uncertainty as to the Company's ability to continue as a going concern.

A further announcement will be made as soon as practicable.

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