29 September 2009 

Fieldbury plc ('the Company')

Result of General Meeting

Further to the announcement on 9 July 2009 of the proposed disposal of Dixie Sales Company Inc. and the proposed cancellation of the share premium account, capitalisation of reserves, reduction of share capital and amendments to Articles of Association, it was brought to the attention of the Board that a mistake had been made in relation to certain numbers contained in the Notice of General Meeting dated 9 July 2009. The Board was advised that a further meeting should be held with the numbers correctly stated in order to ratify the resolutions concerning the Company's share capital which were passed at the General Meeting of the Company held on 24 July 2009. In addition, new articles of association of the Company should be adopted to reflect the correct share capital of the Company. As announced earlier today all resolutions were passed in the General Meeting held yesterday.

The Company can now apply to the Court in order to finalise the proposed cancellation of the share premium account, capitalisation of reserves, reduction of share capital and amendments to Articles of Association. 

The result of the cancellation of the Share Premium Account, the capitalisation of the Merger Reserve and the cancellation of the Deferred Shares and the Deferred B Shares, once confirmed by the Court, will be to eliminate the current deficit on the Company's profit and loss Account and to create a distributable reserve which the Company may use in due course to pay dividends to shareholders, to distribute surplus cash and for other corporate purposes.

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