Clarifying Statement re AGM

Totally PLC 4 April 2001 For Immediate Release 4th April, 2001 TOTALLY PLC ('Totally' or 'the Company') Clarifying Statement Further to the statement relating to the deferral of the Company's Annual General Meeting ('AGM') released earlier today, the Company announces that the placing described in the Notice of AGM dated 12th March, 2001, of 2,275,000 new Ordinary Shares at 11p per share, to raise £250,000 before expenses, can not now proceed. The notice of the AGM sought specific authority for the placing in order that it could be effected, in part, during the current tax year, which was a condition of the placee. The deferral of the AGM means that this condition can not be satisfied. It is presently intended that additional working capital will be provided following the reconvened AGM, by Dr Michael Sinclair, Chairman of the Company, and Steve Burns, Chief Executive of the Company by way of up to £100,000 unsecured loan stock from each of them, the terms of which will be notified to shareholders in due course.

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Totally (TLY)
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