Result of EGM

Z Group PLC
15 December 2006



Z GROUP plc - RESULT OF EGM



The Board of Z GROUP plc ('Z GROUP' or 'the Company'), the AIM-listed developer
and provider of leading consumer internet technologies, is pleased to announce
that at the Extraordinary General Meeting of the Company held at 11 am today,
the resolutions outlined in the circular to shareholders dated 21 November 2006,
were duly passed.



Shareholders approved the Board's recommended all share offer for the remaining
49 per cent. minority interest in its joint venture, OnShare Limited ('OnShare
'), in a deal that is expected to be value enhancing to the Company.



Application has been made for 3,942,134 new ordinary shares of 5p each (the 'New
Shares') to be admitted to trading on AIM and dealings are expected to commence
on 21 December 2006.



The New Shares will rank pari passu with the existing ordinary share capital of
the Company and have been allotted and issued credited as fully paid.



Following admission, the total issued share capital of the Company will be to
23,685,879 ordinary shares of 5p each.


Enquiries:



Z GROUP plc
Jack Bekhor/Jamie True, Joint Chief Executive Officers    08700 111 173
Saskia Hopmann, Public Relations                          020 7952 4026



Catullus Consulting
Alex Mackey                                               020 7736 2938



About OnShare:

  • Proprietary and unique file sharing software enabling highly secure
    communication between small or large groups of users.  It allows users to securely
    share any content held on their computer whilst ensuring that they have complete
    control over which files are shared and with whom.
  • Over the past two months, Z GROUP has seen its unique file sharing product
    OnShare receive positive reviews and coverage in leading technology publications:

    'If you want to be able to share files responsibly and safely, there's now 
    a new way of doing so in the form of OnShare. It's an impressive product 
    that's easy to install and use.' - Pc Utilities magazine

    'OnShare offers a clean and secure way for sharing files and chat.' Web User
    magazine

    'This is exactly the product you've been looking for.' T3 magazine

    'OnShare may just be what the flagging P2P arena has been crying out for.' 
    Stuff magazine



About Z GROUP plc:

Founded in 2002, Z GROUP is a successful, publicly listed London-based technology
company which acquires, licences and develops technologies and profitably
commercialises them through proven branded marketing techniques, offering cutting
edge, easy to use and affordable software.


With over half a million customers to date, Z GROUP has five software business lines,
other than OnShare:


  • ONSPEED Mobile: unique mobile phone acceleration software, which speeds up and
    optimises slow Internet connections and helps users control associated costs
  • ONSPEED: the fastest Internet acceleration software on the market, which
    instantly enables any PC, Mac and Pocket PC user to browse and email at near
    Broadband speeds by using a 9-patented compression technology
  • Net2Roam and NetAway: services that allow individuals and SMEs to obtain local
    Dial-up access numbers worldwide at rates below normal international rates
  • Onbidder: a service that integrates into eBay, making a user's bid at the last
    second of an auction - giving the user the best chance to win their item at the
    best possible price


For more information on the Group, visit www.zgroupplc.com



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