Notice of EGM

Web Shareshop (Holdings) PLC
31 May 2002


Announcement:  31 May 2002



The Directors of Web Shareshop (Holdings) plc have today issued a notice of an

Extraordinary General Meeting

of Members called for 3.00 pm Thursday 27 June 2002.

The purpose of the meeting is to seek the approval of Members to two special
resolutions:

  • To disapply the provisions of Section 89(1) of the Companies Act up to an
    aggregate limit of £400,000 in order to allow the Directors to raise
    additional cash for the Group's business by one or more placings as
    opportunities arise.
  • To give authority for the Directors to establish a share option scheme for
    their benefit over up to 10% of the issued share capital as at the date of
    the resolution.

At this time, the Directors have not concluded any arrangement for a placing.

END







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