Result of EGM

Web Shareshop (Holdings) PLC
28 June 2002


Announcement:  28 June 2002



At an Extraordinary General Meeting of Members of Web Shareshop (Holdings) plc
held at 3.00 pm on  Thursday 27 June 2002, special resolutions were passed as
follows:

 1. To dis-apply the provisions of Section 89(1) of the Companies Act over an
    additional £118,062.90 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.

 2. To give authority for the Directors to establish a share option scheme for
    their own benefit over up to 10% of the issued share capital as at the date
    of the resolution, that is over 2,6229,130 Ordinary shares of £0.01.

Following the passing of the second resolution, on 27 June 2002 the Board
awarded options at an exercise price of £0.05 for a period of five years as
follows:

•         To Ronald Bruce Rowan over 1,400,000 Ordinary shares

•         To John Watkins over 700,000 Ordinary shares.

The Directors have not yet concluded any arrangement for a placing.

END







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