Result of General Meeting

Hightex Group plc

("Hightex" or "the Company")

Result of General Meeting

The Company is pleased to announce that all resolutions set out in the circular to shareholders dated 9 December 2011 and proposed at its General Meeting held today were duly passed. The resolutions were in respect of, inter alia, a proposed Subscription and Placing of 94,973,338 new ordinary shares of 1p each in the Company which were each issued at 1.5p.

Admission of the Subscription Shares and Placing Shares

Application has been made for the Placing and Subscription Shares to be admitted to trading on AIM ("Admission"). It is expected that admission of 86,640,004 new Ordinary Shares (the "First Admission Shares") will become effective and dealings in such Ordinary Shares will commence on 29 December 2011, and not 86,540,004 new Ordinary Shares as previously announced on 9 December 2011.

It is expected that admission of 8,333,334 new Ordinary Shares (the "Second Admission Shares") will become effective and dealings in these Ordinary Shares will commence on 4 January 2012. In both instances, dealings will commence on AIM on the same day as Admission. The Subscription Shares and Placing Shares will rank pari passu with the existing Ordinary Shares currently traded on AIM. Following the Second Admission, there will be 282,820,727 Ordinary Shares in issue.

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