Result of EGM

Z Group PLC
07 January 2008

Z GROUP PLC



07 January 2008



                                  Z GROUP plc

                          ('Z GROUP' or the 'Company')



                     Result of EGM and Directorate Changes


The Board of Z GROUP is pleased to announce that at the general meeting of the
Company held today at 11 a.m. at the offices of Beachcroft LLP, 100 Fetter Lane,
London EC4A 1BN, the resolutions outlined in the circular to shareholders dated
21 December 2007 (the 'Circular') were duly passed.

The results of the proxy voting on the resolutions put to the shareholders at
the general meeting were 11,755,315 of the issued shares for and 0 against,
representing 49.51% of the issued share capital.


As a result of this approval, completion of the disposal of CallPal Limited,
Net2Roam Limited, Onshare Limited and Turbodial Limited, which comprise
substantially all of the trading assets of the Company, to Jack Bekhor and James
True, who are currently joint chief executive officers and directors of the
Company, took place at 12.45 p.m. on 7 January 2008 and the Company became an
investment company under the AIM Rules and will implement the investing strategy
set out in the Circular.

Following the EGM, John Standen, Polly Williams and Jonathan Slater resigned as 
directors of the Company.


A copy of the Circular is available from the Company's website at
www.zgroupplc.com



For further information:



Z GROUP plc



Jon Claydon                     Tel: [phone]
(Chairman)



Duncan Neale                    Tel: [phone]
(Finance Director)



Landsbanki Securities (UK) Limited (NOMAD)

Jeff Keating / Khilan Shah       Tel: [phone]
(Corporate Finance)




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