EGM Requisition Withdrawal

Photo-Me International PLC
05 July 2007


Thursday 5 July 2007



                           PHOTO-ME INTERNATIONAL PLC

                         Withdrawal of EGM Requisition

The Board of PMI (PHTM.L), the digital imaging company, is pleased to confirm
that, following PMI's Preliminary Announcement of 2 July 2007 and further
discussions with Principle Capital Fund Managers Ltd and QVT Financial LP, the
EGM Requisition, which was announced by Principle Capital on 25 June 2007, has
been withdrawn.

As disclosed in the Preliminary Announcement, the PMI Board is continuing to
explore whether an acceptable offer might be achievable for PMI's Vending
Division. The PMI Board will provide the market with an update as to whether it
intends to continue with the potential disposal of the Vending Division on or
before 15 August 2007.

Vernon Sankey, Chairman, stated 'The PMI Board unanimously welcomes the fact
that Principle has dropped its request for an EGM. The Board can now continue to
act in the best interests of all shareholders and explore whether an acceptable
offer might be achievable for PMI's Vending Division. Should the strong interest
in the Vending Division translate into a transaction that is recommended by the
Board, then shareholders will have an opportunity to vote on the matter.'

Enquiries:

Photo-Me International plc                                       01372-453 399
Vernon Sankey (Chairman)

Bankside Consultants Limited (analysts)
Charles Ponsonby                                                 020-7367 8851

Tulchan Communications (media)                                   020-7353 4200
David Allchurch




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