Result of EGM

Stobart Group Limited
03 April 2008

Not for release, publication or distribution in whole or in part, in or into the
United States of America, Canada, Australia, the Republic of South Africa, Japan
or any other jurisdiction if to do so would constitute a violation of the
relevant laws of such jurisdiction



               Stobart Group Limited ('Stobart' or the 'Company')



                                 RESULT OF EGM



The Board of Stobart announces that, at the Extraordinary General Meeting held
earlier today, each of the Resolutions set out in the notice of Extraordinary
General Meeting included in the prospectus which was sent to Shareholders on 10
March 2008 (the 'Prospectus') was duly passed.



Resolution 4 was also conditional upon the approval by extraordinary resolution
of both the Income Shareholders and the Ordinary Shareholders at separate class
meetings thereof of the deletion of the existing articles of association of the
Company and the adoption of the regulations appended to the Prospectus as the
new articles of association of the Company.  The class meeting of the Income
Shareholders was not quorate and the relevant resolution could not be passed,
although it was passed at the class meeting of Ordinary Shareholders. Resolution
4 was ineffective and therefore failed. The Board intends to propose the
adoption of the new articles of association of the Company at the Company's next
annual general meeting including the further amendments referred to below.



The Board also announced that it would be setting a limit of borrowing equal to
two times the Company's capital and reserves. In addition, the Board announced
that the indemnity in favour of the Company's auditors as set out in the
existing articles of association would be removed. The new articles of
association to be proposed at the Company's next annual general meeting will
reflect these amendments.



The Placing and Open Offer and the Acquisitions remain conditional, inter alia,
upon admission of the new Ordinary Shares to the Official List of the UK Listing
Authority and to trading on the London Stock Exchange's market for listed
securities ('Admission'). It is expected that Admission will occur, and that
dealings in the new Ordinary Shares will commence, on 4 April 2008. The new
Ordinary Shares will, on Admission, rank pari passu in all respects with the
Ordinary Shares (save that they will not rank for the final dividend declared
for the year ended 29 February 2008).



Terms used in this Announcement shall have the same meanings as in the
Prospectus which was sent to Shareholders on 10 March 2008.



For further information, contact:


Stobart Group                                                  01925 605 400
Andrew Tinkler, Chief Executive Officer
Ben Whawell, Chief Financial Officer
Julie Gaskell, Head of Communications

Cenkos Securities                                              020 7397 8900
Ian Soanes
Adrian Hargrave

Lansons Communications                                         020 7490 8828
Charlie Field                                                  07884 001148
Karen Mignon                                                   07766 651327




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