Result of General Meeting

RNS Number:7095L
SMC Group Plc
14 January 2008


14 January 2008

                                 SMC Group Plc
                            ("SMC" or "the Company")

                         Results of the General Meeting

SMC announces that at the General Meeting of its Shareholders held today,
ordinary resolutions 1 to 3 as set out in the notice of General Meeting
contained in the Prospectus sent to Qualifying Shareholders on 18 December 2007
were duly passed. In order to comply with the City Code, resolution 3 was passed
on a poll, with 17,451,541 votes for the resolution, representing approximately
63.41 per cent. of the votes cast, and 10,070,420 votes against the resolution,
representing approximately 36.59 per cent. of the votes cast.

Resolution 4 as set out in the notice of General Meeting contained in the
Prospectus which was proposed as a special resolution was not passed.

Details of the proxy votes received prior to the General Meeting were as
follows:

+----------+-----------------+---------------+-------------+--------------+
|Resolution|       For       | Discretion to |   Against   |  Withheld*   |
|          |                 |   Chairman    |             |              |
+----------+----------+------+-------+-------+------+------+-------+------+
|          |  Number  |  %   |Number |   %   |Number|  %   |Number |  %   |
+----------+----------+------+-------+-------+------+------+-------+------+
|1         |17,181,811|34.66%|214,213|  0.43%|14,605| 0.03%|194,000| 0.39%|
+----------+----------+------+-------+-------+------+------+-------+------+
|2         |17,181,811|34.66%|214,213|  0.43%|10,161| 0.02%|198,444| 0.40%|
+----------+----------+------+-------+-------+------+------+-------+------+
|3         |17,184,351|34.66%|214,213|  0.43%|10,161| 0.02%|195,904| 0.40%|
+----------+----------+------+-------+-------+------+------+-------+------+
|4         |17,181,811|34.66%|214,213|  0.43%|18,605| 0.04%|190,000| 0.38%|
+----------+----------+------+-------+-------+------+------+-------+------+

* A vote withheld is not a vote in law and will not be counted in the
calculation of the proportion of votes for and against each resolution.

In total, 17,604,629 proxy votes were received, representing approximately 35.51
per cent. of the Company's Existing Ordinary Shares.

On 18 December 2007, the Company announced its intention to raise approximately
�15.1 million, before expenses, by way of an Open Offer of up to 188,377,187 New
Ordinary Shares at 8 pence per share on the basis of 19 New Ordinary Shares for
every 5 Existing Ordinary Shares. The Open Offer was made to Qualifying
Shareholders holding Ordinary Shares at the close of business on the Record
Date.

Other than in relation to those New Ordinary Shares which the Directors agreed
to subscribe for or procure that their nominees subscribe for either under the
Open Offer or otherwise, in order to provide certainty as to the amount of
capital to be raised, the Company arranged for the Open Offer to be fully
underwritten by the Ironshield Fund, acting upon the advice of its investment
manager, Ironshield, pursuant to the terms and conditions of the Underwriting
Agreement.

Terms used in this announcement have the same meaning as those defined in the
Prospectus published by the Company dated 18 December 2007.

For further information:

SMC Group Plc                        Tel: +44 (0)20 7495 5335
Rob Boardman

Numis Securities Limited             Tel: +44 (0)20 7260 1000
Stuart Skinner/Brent Nabbs/James
Serjeant

Bell Pottinger Corporate & Financial Tel: +44 (0)20 7861 3232
David Rydell/Chris Hamilton

                                    - ends -




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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