Result of General Meeting and Capital Reduction



W.H. Ireland Group plc

(the “Company” or “WHI”)

Result of General Meeting and Capital Reduction

WHI is pleased to announce that, at today’s general meeting, the special resolution (the “Resolution”) relating to the proposal to create positive distributable reserves in the Company by the cancellation of the share premium account, as described in the Company’s announcement of 22 October 2012 (the “Capital Reduction”), was approved. 

Following the passing of the Resolution, it is proposed to commence the proceedings to obtain the confirmation of the Court for the Capital Reduction as soon as possible.  It is anticipated that the final hearing at which the Court will confirm the Capital Reduction will take place on or around 28 November 2012. 

After the Court hearing, in order for the Capital Reduction to become effective, the Court order confirming the cancellation must be filed with Companies House, usually within 2-3 days after the date of the hearing.

Expected Timetable of Principal Events

* These dates are dependent on, amongst other things, the date upon which the Court confirms the Capital Reduction.  The Court hearing dates may be subject to postponement by the Court.

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