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First London Securities plc (FLSP)

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Thursday 26 June, 2008

First London Securities plc

EGM Statement NOTICE OF GENERAL MEETING

                            NOTICE OF GENERAL MEETING


First London Securities plc today announces that it has mailed a formal notice
of the General Meeting (GM) of First London Securities Plc (Company) which will
be held on Friday 11 July 2008 at 10.30 a.m. at the Institute of Directors,
116 Pall Mall, London, SW1Y 5ED.

On  9  June  2008  the  Company announced that it has  agreed   to  acquire  the
financial  services and  asset  management operations of Jersey based  Belgravia
Financial  Services Group Limited  (Belgravia), in return for which the  Company
will  allot  46,000,000 ordinary shares in the Company as directed by  Belgravia
pursuant  to  the  terms  of an agreement between the  parties  (Belgravia  Fund
Management Transaction).

The Belgravia Fund Management Transaction is conditional upon:

     i)   consent being granted by the Jersey Financial Services Commission for First
           London Asset Management Limited, a wholly owned subsidiary of the Company, to
           replace a subsidiary of Belgravia as manager of the Belgravia managed funds; and

     ii)  the shareholders of the Company approving the Belgravia Fund Management
           Transaction by authorising the allotment of 46,000,000 shares in the Company as
           directed by Belgravia, pursuant to the terms of the Belgravia Fund Management
           Transaction, in general meeting.


The Specific Resolutions to be voted on at the GM are as follows :

Resolution 1   Increase of the authorised share capital of the Company (Ordinary
Resolution)
The  Company  proposes to increase its authorised share capital from 150,000,000
ordinary  shares of £0.01 each to 500,000,000 ordinary shares of £0.01 each.  In
order to maintain the board of directors' (Board) flexibility to raise funds  by
way  of  issuing  shares and share options, shareholders are asked  to  vote  in
favour of this resolution.

Resolution  2    Granting  the  Board the authority to  allot  shares  (Ordinary
Resolution)
In order to provide the Board with the ability to issue new shares in the
capital of the Company this resolution seeks the authority for the Board to
allot up to an aggregate nominal amount of £4,113,365.41 being the whole of the
authorized but unissued share capital of the Company (provided that resolution 1
is passed increasing the authorised share capital). This authority will expire
five years from the date that the resolution is passed.

Resolution 3   Disapplication of pre-emption rights (Special Resolution)
This resolution asks shareholders to renew the directors' authority to allot
shares up to an aggregate nominal amount of £4,113,365.41 without the shares
being offered first to existing shareholders. This authority will expire five
years from the date that the resolution is passed.

Resolution  4    Authority to allot 46,000,000 shares as directed  by  Belgravia
(Ordinary Resolution)

The  Company  is seeking shareholder consent to allot 46,000,000 shares  in  the
Company  as directed by Belgravia , pursuant to the terms of the Belgravia  Fund
Management Transaction.

Resolution 5   Changing Company name to First London Plc (Special Resolution)

The  Company  proposes to change its name to First London  Plc.  Existing  share
certificates  will remain valid and new certificates shall not be  issued  as  a
result of the change of name.

Resolution   6    Amending  the  Company's  Articles  of  Association   (Special
Resolution)
The  Company  proposes  to  incorporate amendments to the  current  articles  of
association (Articles) to reflect certain provisions of the Companies  Act  2006
which  have  come  into effect. As the government intends to  bring  into  force
further  provisions of the Companies Act 2006 in various stages during 2008  and
2009 it is anticipated that shareholders may be asked to approve further changes
to the Articles during the course of future shareholder meetings.


For further information please visit www.firstlondonsecurities.com,
www.belgravia.je or contact:

First London Securities plc             Tel: 020 7451 2466
Guy Saxton

Tavistock Communications                Tel: 020 7920 3150
John West

Axiom Capital Limited                   Tel: 020 8455 0011
David Sinclair

The Directors of First London Securities plc accept responsibility
for this announcement.                                                                                                                                                                                                                            

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