Result of EGM

Azure Holdings PLC
02 October 2006



                               Azure Holdings plc

                                 Result of EGM



On 11 September 2006, Azure Holdings plc ('Azure' or the 'Company') announced
that it had agreed, subject, inter alia, to Shareholder approval, to acquire the
entire issued share capital of ValiRx Limited, a biopharmaceutical development
company that is looking to exploit opportunities in the healthcare, life
sciences and biopharmaceutical industries.



At the Extraordinary General Meeting and Class Meetings of Azure, which took
place earlier today, all resolutions put to Shareholders to effect the Capital
Reorganisation and Acquisition were duly approved.



It is expected that Admission will become effective and that dealings in the new
ordinary shares of 0.2p each will commence on AIM on 3 October 2006. The change
of name to ValiRx plc is now expected to be effective from 4 October 2006.



All terms used in this announcement are defined as set out in the admission
document dated 8 September 2006.



For further information:



Gerry Desler, Azure Holdings plc        Tel: [phone]
David Youngman, WH Ireland Limited      Tel: [phone]








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