Result of EGM

Tanfield Group PLC
09 November 2005


Tanfield Group Plc ('the Company')

Result of EGM

Tanfield Group Plc is pleased to announce that at its EGM held on 8 November
2005 a special resolution was passed cancelling all of the amount standing to
the credit of the Company's share premium account as at 5p.m. on 6 December
2005. The proposed cancellation of share premium account is subject to the
approval of the High Court and it is anticipated that the cancellation will take
effect on or around 8 December 2005.

Subject to the approval of the High Court, the proposed cancellation will
establish a new reserve in the books of the Company (the 'Special Reserve')
credited with the amount standing to the credit of the share premium account at
5p.m. on 6 December 2005. It is anticipated that part of this Special Reserve
will be governed by undertakings to the High Court and remain undistributable.
However the remainder of the Special Reserve will be used to eliminate the
deficit on the Company's profit and loss account which will enable the Company
to pay dividends out of profits generated in the future when and in such amounts
as the Directors recommend.

Enquiries:

Roy Stanley, Chief Executive,
Tanfield Group Plc Tel. [phone]

Ruari McGirr,
Daniel Stewart & Company Plc Tel. [phone]





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