Requisition of EGM

15 February 2006

Billam PLC ('Billam' or the 'Company')

The Board of Billam has received purported notice, pursuant to
section 368 of the Companies Act 1985, from J M Finn Nominees
Limited and David Floyd requiring the convening of an Extraordinary
General Meeting ("EGM") of Billam shareholders to consider ordinary
resolutions that Mr. Angus Forrest, Chief Executive, and Mr. Victor
Beamish, Non-executive Chairman be removed from office as
directors of the Company, that Dimitri Dimitriou and Nishith Malde
be appointed as directors and that any directors appointed after 27
January 2006 be removed from office as directors.

In the event that the notice is valid, the Board will convene an EGM
of the Company in accordance with the Act. The Board, who
together hold 1,518,500 ordinary shares of 20p each representing
approximately 14.5 per cent. of the issued share capital, will be
voting against the above resolutions and will recommend to
shareholders that they vote against. The Board will write to
shareholders regarding this in due course.

Enquiries:

Billam plc 020 7963 0580
Angus Forrest

Bishopsgate Communications 020 7430 1600
Maxine Barnes




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