Result of General Meeting

VPhase plc

("VPhase" or the "Company" or the "Group")

Result of General Meeting

VPhase plc, (AIM:VPHA), a leading developer of energy saving products for residential and commercial properties, is pleased to announce that the special resolution put to shareholders at the Company's General Meeting held today, was duly passed.

Accordingly the necessary approval for the Placing of 100,000,000 new Ordinary Shares at 2.0p per share to raise gross proceeds of £2 million, as announced on 6 October 2010 has been obtained. It is anticipated that admission of the Placing Shares will occur, and dealings in the Placing Shares will begin, at 8.00 am on 26 October 2010.

The Placing Shares will represent 12.47 per cent. of the Company's enlarged issued share capital and following the Placing, the Company will have a total of 802,210,361 Ordinary Shares in issue.

Definitions utilised in the announcement made on 6 October 2010 by the Company apply to this announcement.

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About VPhase PLC

VPhase plc provides a product that reduces the energy consumption of many domestic electrical appliances.

The VPhase device:

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

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

·; easy to fit by a qualified electrician;

·; saves money from the moment of installation, with no need for behavioural changes;

·; enables many appliances to work more efficiently; and

·; reduces electricity usage and carbon emissions.

Independently verified tests by VPhase have demonstrated that the product can typically save around 10% of the electricity across a range of domestic products including fridges, freezers, central heating pumps, televisions and other items, even 'energy-saving' light bulbs. This should equate to savings for the typical homeowner of between £40 and £135 per annum.

In addition, 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 two times longer life when on a circuit managed by the voltage optimisation product as compared to those without the product.

www.vphase.co.uk