EGM Statement

CEPS plc                                    

                   Update on Extraordinary General Meetings                    

On 11 January 2007, the Board announced the proposed acquisition of Sunline
Direct Mail Limited and associated fund rasing

Further to the announcement made earlier today, the Board of CEPS plc announces
that a national company has served notice dated 31st January 2007 on all of its
direct mail service partners, including Sunline Direct Mail Limited, indicating
that it is changing its terms of business for all those partners.

In view of this, the Board wishes to satisfy itself that, going forward,
overall, there will be no material adverse charge to the trading of Sunline
Direct Mail Limited.

Therefore, the Board has further adjourned the Extraordinary General Meeting of
Ordinary Shareholders until 12 noon on 12 February 2007 and the Extraordinary
General Meeting of Warrantholders until 12.30pm on the same date.

To be valid, Forms of Proxy for each of the adjourned Extraordinary General
Meetings and, if applicable, any authority under which they are signed, or a
certified copy of such authority, must be lodged at the offices of Capita
Registrars, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU not later
than 48 hours before the time appointed for holding the relevant adjourned
meeting.

Contact Details:

CEPS plc

Peter Cook

Non-executive Director

Tel: [phone]

City Financial Associates Limited

Ross Andrews

Director

Tel: [phone]