RNS announcement

Palace Capital plc

Result of General Meeting

3 October 2011

The Board of Palace Capital plc (AIM: PCA) is pleased to announce that, at the General Meeting held earlier today, all of the resolutions contained in the notice of general meeting dated 8 September 2011 were passed including resolutions approving the acquisition of Hockenhull Estates Limited, which is expected to complete tomorrow, 4 October 2011, and the Waiver Resolution, which was taken on a poll.

Application for the re-admission of the Existing Ordinary Shares and admission of the Placing Shares and the Fairfax Shares to trading on AIM has been made and is expected to occur at 7.30am tomorrow, 4 October 2011 when the suspension of the Company's Ordinary Shares to trading on AIM is lifted.

All definitions in this announcement have the same meaning as those set out in the Admission Document unless stated otherwise.

Enquiries:

Palace Capital Plc

Neil Sinclair, Managing Director

Tel: 44 (0)7785 226666

Fairfax I.S. PLC

Katy Birkin/Ewan Leggat

Tel: 44 (0)20 7598 5368

Lehmann Communications plc

Ronel Lehmann

Tel:  44 (0) 20 7266 3020