Result of General Meeting

The board of AssetCo plc is pleased to announce that, at a General Meeting of the Company held earlier today, all of the resolutions approving a placing of 17,333,334 new ordinary shares were duly approved.

An application has been made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM, and admission is expected to become effective at 8.00 am on 31 July 2009.

AssetCo plc                                               +44 (0) 20 8515 3999
John Shannon, Chief Executive Officer
Frank Flynn, Chief Financial Officer
James Collins, Investor Relations            
Arden Partners plc                                     +44 (0)20 7398 1632
Richard Day
Colin Smith            
Pelham                                                     +44 (0) 20 7337 1500
Alex Walters
Francesca Tuckett