Result of EGM

Billam PLC
12 December 2003

                                   Billam PLC

Result of EGM and Application for Admission of New Ordinary Shares

Billam Plc (the 'Company') announces that at the extraordinary general meeting
of the Company held at 10.00 am today ('EGM'), the resolution to consolidate the
Company's share capital was passed.
As a reuslt of the resolution being passed at the EGM the Company also announces
that it has applied for admission ('Admission') to trading on the Alternative
Investment Market of 16,172,312 ordinary shares of 10 pence each, which comprise
all of the issued ordinary share capital of the Company arising following the
consolidation of the Company's ordinary share capital. Admission is expected to
occur on Monday 15 December 2003.

The other resolutions were passed:

Therefore the Company announces that the authorised share capital has been
increased from £2,000,000 to £4,000,000 by the creation of 20,000,000 new
Ordinary shares of 10 pence.


For further information please call:

Angus Forrest or Victor Beamish 020 7336 1300



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