Result of General Meeting

15 March 2013

Coburg Group Plc 

('Coburg' or 'the Company')

Result of general meeting

The Company announces that at the general meeting held earlier today, Shareholders passed all resolutions thereby making possible the following proposals:

1. To extend the Company's investing policy to include unquoted businesses and investment in natural resource projects, but to narrow the focus to mineral exploration, mining and extraction.

2. To authorise the issue of up to £185,000 Loan Notes expiring 30 May 2014 and bearing interest of 6 per cent. per annum and convertible on the basis of one Ordinary Share for every 65p in nominal amount of Loan Notes.

3. To authorise the issue of Ordinary Shares pursuant to the exercise of warrants, for cash and for other purposes.

The Company will now make arrangements to issue the £185,000 loan notes. As previously announced, Mark Parker agreed to join the board of the Company subject to the passing of the resolutions put to shareholders at the general meeting held today and the Coburg board will now progress that appointment and a further announcement made as soon as practicable.

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