Shareholder meeting result and second admission

For immediate Release 17 February 2011

Globo plc

("Globo" or the "Company")

Result of General Meeting

and

Second Admission to Trading on AIM

Globo plc (LSE: GBO) the international IT, mobile solutions and SaaS provider, announced on 28 January 2011 that it had raised £17.25 million before expenses by means of a placing (the "Placing"), with new and existing investors, of 115,000,000 new ordinary shares of 1 pence each (the "Ordinary Shares") (the "Placing Shares") at a price of 15 pence per new Ordinary Share.

On 4 February 2011 Globo announced that 20,270,160 of the Placing Shares were allotted, issued and admitted to trading on AIM ("First Admission").

Globo now announces that the shareholder approvals necessary to permit the allotment and the issue of the remaining 94,729,840 of the Placing Shares (the "Second Admission Shares") were given at a General Meeting of the Company held earlier today, where all resolutions proposed were passed by the necessary majorities. The Company also confirms that it has issued warrants to subscribe for 1,449,988 ordinary shares of 1p, exercisable at 15p per share, to Daniel Stewart & Company pursuant to the Placing Agreement.

The Second Admission Shares were today allotted, subject only to admission ("Second Admission"). Application has been made to the London Stock Exchange for the Second Admission Shares to be admitted to trading on AIM. It is expected that Second Admission will become effective and dealings will commence at 8.00am on 23 February 2011.

Following Second Admission, the final stage in the Placing, the issued share capital of Globo shall comprise 289,997,755 Ordinary Shares. The Company holds no shares in treasury. Therefore, the total number of voting rights in the Company following Second Admission on 17 February 2011 will be 289,997,755. Following Second Admission, this 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, the Company under the Financial Services Authority's Disclosure and Transparency Rules.

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