Result of EGM (7066E)

TIDMHEP

RNS Number : 7066E

Hephaestus Holdings PLC

11 April 2011

Hephaestus Holdings plc

("Hephaestus" or the "Company")

General Meeting Statement

Hephaestus Holdings plc announces that the resolution proposed at the Company's General Meeting held earlier today relating to the proposed cancellation of the admission to trading on AIM was duly passed by shareholders.

As a consequence, it is anticipated that the cancellation of admission to trading on AIM will be effective from 7.00am on 19 April 2011. The Company's shares remain suspended.

As set out in the circular to shareholders, the Board has applied for the Company's shares to be traded on Sharemark following the delisting from AIM. Sharemark has issued a conditional approval for the shares to be traded on Sharemark, although no date has yet been agreed for the first auction. Following cancellation of listing, the Company will continue to publish financial information, news and updates primarily via its website and in accordance with the requirements of Sharemark. The first auction date on Sharemark is currently expected to be no later than Friday 6 May 2011, but the first auction may be delayed if the proposed capital raising and share buyback has not been concluded by that date. Further details on Sharemark will be communicated to shareholders in due course.

For further information, please contact:

Hephaestus Holdings plc

Chris Heminway

07802 305579

Shore Capital and Corporate Limited (Nominated Adviser)

Andrew Raca/Toby Gibbs

020 7408 4090

This information is provided by RNS

The company news service from the London Stock Exchange

END

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