Result of EGM

Raven Capital Inc
13 October 2006

13 October 2006

Raven Capital Inc
                          ('Raven' or the 'Company')

                                  Result of EGM

Further to the announcement made on 19 September 2006, the Company is pleased to
announce that all the resolutions set out therein and put to the shareholders of
the Company at the extraordinary general meeting held today were duly passed.

Application has been made to the London Stock Exchange for the re-admission of
the 44,366,668 Existing Ordinary Shares and admission of 89,175,002 New Ordinary
Shares to trading on AIM. It is expected that Admission will become effective
and that dealings in the Enlarged Share Capital will commence on 16 October
2006.

Completion of the Acquisition is due to take place on 16 October 2006. The
change of name of the Company to Upstream Marketing and Communications Inc (AIM:
UPS) will be effective upon the registrar of companies in the Cayman Islands
issuing a change of name certificate. This certificate should be issued by 19
October 2006.

Unless the context otherwise requires, defined terms used in this announcement
shall have the meanings given to them in the circular to shareholders of the
Company dated 19 September 2006.

Enquiries:

Raven Capital Inc.
John Bick
Tel: [phone]

Strand Partners Limited
James Harris/Angela Peace
Tel: [phone]


About Upstream

Founded in 2000, Upstream is a full service marketing and corporate
communications network positioned to help companies make the most of business
opportunities in the Asia Pacific region. Upstream has offices in Beijing, Hong
Kong, Shanghai, Singapore, Sydney, Taipei and Tokyo, as well as regional and
global affiliates. Key practice areas include technology, corporate & financial,
and consumer & travel.


www.aboutupstream.com

END



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