Result of EGM

Result of EGM 

    LONDON--(BUSINESS WIRE)--March 7, 2003--

ARC International plc ("the Company" or "ARC")

Proposed return of capital to shareholders

Results of Extraordinary General Meeting

On 12 February 2003, the Company despatched a circular to its
shareholders for the purposes of, inter alia, convening an
extraordinary general meeting of shareholders on 7 March 2003 ("EGM")
in connection with the proposed return of capital by the Company to
its shareholders ("Return of Capital").

ARC announces that, at the EGM held earlier today, shareholders passed
each of the resolutions proposed, including those relating to the
Return of Capital.

The Return of Capital is intended to be achieved by means of, inter
alia, a tender offer involving the repurchase for cancellation of up
to £48.5 million (less the costs of the tender offer) worth of
ordinary shares of the Company. The first stage of this process will
be the cancellation of the Company's share premium account (the
"Reduction of Capital") so as to create sufficient distributable
reserves out of which the ordinary shares can be repurchased.

The Reduction of Capital is subject to confirmation by the High Court
at a hearing that is expected to take place on or about 2 April 2003.
Subject to obtaining that confirmation, it is anticipated that the
Reduction of Capital will become effective on or about 3 April 2003.

It is expected that shareholders will be sent a circular setting out
the formal terms of the tender offer, together with a form for
participating in the tender offer, on or about 8 May 2003.


Enquiries:

ARC International plc
Mike Gulett,                                Chief Executive Officer                     001 408 437 3404
Monica Johnson,                             Chief Financial Officer                     001 408 437 3470

WestLB Panmure                                                                           [phone]
Andrew Godber
Mark Lander

Tulchan Communications                                                                   [phone]
Julie Foster

   Short Name: Arc Intl PLC
   Category Code: REG
   Sequence Number: 00002588
   Time of Receipt (offset from UTC): 20030307T110629+0000