AssetCo plc Update on General Meeting


AssetCo plc ("the Company")

Update on General Meeting

Following the announcement made on Monday 21 March 2011 concerning the adjournment of the Company's general meeting, a court hearing was held yesterday evening and an injunction was granted to the Company which requires Mr. John Shannon to vote in favour of all the resolutions to be proposed at the Company's reconvened general meeting to be held today.

As a result, the Board expect that all the proposed resolutions will be passed at the general meeting, and that this will enable the placing which was announced on 3rd March 2011 to be completed, with the admission of the new ordinary shares taking place on 23rd March 2011. Further announcements will be made in due course.

For further information please contact:

AssetCo plc                                  +44 (0) 20 7614 5917
Tim Wightman, Chairman

Arden Partners plc                       +44 (0) 20 7614 5917
Richard Day
Adrian Trimmings

Cadogan PR                                 +44 (0) 7771 713608
Alex Walters
Emma Wigan