Result of EGM

For immediate release

                                                                 30 August 2006

                                  Mondas Plc                                   

                          ("Mondas" or the "Company")                          

                                 Result of EGM                                 

At the Extraordinary General Meeting held earlier today, all resolutions were
duly passed, including the amendment to the terms of the existing 8.75 per
cent. convertible unsecured redeemable loan stock 2007 to redesignate it as 8
per cent. convertible unsecured loan stock 2011, with effect from 1 September
2006.

As previously announced, Teather & Greenwood Limited has placed an additional
tranche of £1,000,000 nominal 8 per cent. convertible unsecured redeemable loan
stock 2011 and 406,250 new ordinary shares, on behalf of the Company.

Admission to the AIM Market and trading in the new convertible unsecured
redeemable loan stock and the new ordinary shares is expected to commence on
1st September 2006. Following admission, the Company will have in issue £
4,000,000 nominal 8 per cent. convertible unsecured redeemable loan stock 2011
and 36,848,750 ordinary shares of 10p each.