Result of EGM

Readybuy PLC
05 May 2006


                                  READYBUY PLC

                                 RESULT OF EGM


On 12 April 2006, the Board of Readybuy plc (the 'Company') announced proposals
to raise approximately £262,500 before expenses by the issue of additional
equity share capital to a group of new investors (the 'Subscription') following
a capital reorganisation of its existing share capital.

At the Extraordinary General Meeting of the Company which took place earlier
today, all resolutions put to shareholders to effect the Subscription and the
Capital Reorganisation and to approve the Company's Investing Strategy were duly
passed.

As a result of the passing of the Resolutions, the members of the Concert Party
have become entitled to 104,000,000 Subscription Shares, representing
approximately 83.65% of the Enlarged Share Capital immediately following
Admission.

It is expected that Admission of the New Ordinary Shares and the Subscription
Shares will become effective and that dealings in the ordinary shares then
constituting the Enlarged Share Capital will commence on 8 May 2006.

All defined terms used in this announcement are defined as set out in the
circular to shareholders dated 11 April 2006.


For further information, please contact:-

Colin Davies                Readybuy plc                        01904 520840
David Youngman              WH Ireland Limited                  0161 832 2174



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