Result of EGM

Marshall Monteagle Holdings Société Anonyme                  

                          (in voluntary liquidation)                           

         Registered Office: 58, rue Charles Martel, L-2134 Luxembourg          

            Incorporated in Luxembourg R.C.S. Luxembourg No. B19600            

                        ("Monteagle" or "the Company")                         

                       JSE CODE: MTE ISIN: LU0035797272                        

MARSHALL MONTEAGLE - RESULTS OF EXTRAORDINARY GENERAL MEETING AND SUSPENSION
AND CANCELLATION OF LISTING

RESULTS OF EXTRAORDINARY GENERAL MEETING AND SUSPENSION AND CANCELLATION OF
LISTING ON THE JSE LIMITED ("the JSE"), ON THE LUXEMBOURG STOCK EXCHANGE ("the
LuxSE") AND ON THE LONDON STOCK EXCHANGE ("the LSE")

Notice is hereby given that at the Extraordinary General Meeting of the
Shareholders of the Company held on Friday, 18 February 2011 at 10.00 a.m.
(CET) the following resolutions were approved by the requisite majority of
shareholders:

1. That a representative of Company and Accounting Services SA be appointed as
chairman of this meeting.

2. To receive and approve the financial statements of the Company placed before
the meeting by the Board.

3. To ratify the actions of the Directors taken subsequent to the last Annual
General Meeting held on 26 March 2010 including transactions with Newco
described in section 3 of the circular accompanying this notice of meeting,
entering into and fulfilling the terms of the Contribution Agreement and
delisting of the Company's shares from the London Stock Exchange.

4. To resolve to delist the Company's shares from the Luxembourg Stock Exchange
and appoint M Partners to effect the delisting.

5. To grant discharge to the Directors and to the Statutory Auditors for their
actions and duties since the last Annual General Meeting held on 26 March 2010.

6. To place the Company into liquidation.

7. To appoint Damsor Limited as Liquidator of the Company (the "Liquidator")
and to confer upon the Liquidator the widest powers permitted under Luxembourg
law for the purposes of winding up the affairs of the Company.

8. That, subject to and conditional upon resolutions 6 and 7 set out in the
notice convening this Extraordinary General Meeting having been passed the
Liquidator be authorised to realise all the remaining assets and to settle all
the remaining liabilities of the Company, and to appoint Housestaple Limited.
(registered number 5389933) of 30 City Road, London, EC1Y 2AG, UK as agent for
the distribution to shareholders of the shares in Marshall Monteagle PLC owned
by the Company on the terms summarised on page 8 of the circular accompanying
this notice of meeting.

9. To appoint Mr. Peter Milne of 57 rue Pierre d'Aspelt, L-5710, Luxembourg, as
Commissaire-Vérificateur to verify the work of the Liquidator.

10. To ratify the notice of the second Extraordinary General Meeting given by
the Directors, and despatched with this notice, to receive the reports of the
Liquidator and the Commissaire-Vérificateur.

Shareholders are advised that the Company's share will be suspended on the JSE
with effect from commencement of trade from Monday, 21 February 2011 and
terminated on the LuxSE and the LSE on 21 February 2011. Cancellation of the
share on the JSE will be effected at close of trade on Friday, 25 February
2011.

Shareholders are reminded of the following salient dates:

                                                                           2011
                                                                               
Last day to trade in the shares of the Company               Friday 18 February
                                                                               
Cancellation of listing of shares on the LuxSE and LSE       Monday 21 February
                                                                               
Form of proxy for the Second Extraordinary General           Monday 21 February
Meeting to be lodged by no later than 10.00 a.m. (CET)on                       
                                                                               
Suspension of listing of Monteagle shares on JSE at          Monday 21 February
commencement of trade; and Listing of Newco shares on JSE                      
under the abbreviated name of Marshall, JSE Code MMP and                       
ISIN JE00B5N88T08                                                              
                                                                               
Second Extraordinary General Meeting to be held at 10.00  Wednesday 23 February
a.m. (CET) on                                                                  
                                                                               
Results of the Second Extraordinary General Meeting to be  Thursday 24 February
published in the press in South Africa                                         
                                                                               
Cancellation of listing of Monteagle shares on the JSE at    Friday 25 February
close of trading;                                                              
                                                                               
Record date for shareholders to be on the register in        Friday 25 February
order to receive certificates in Newco                                         
                                                                               
Issue of Newco share certificates to all shareholders who    Monday 28 February
have submitted forms of surrender by 12:00 on 18 February                      
2011. Dematerialised shareholders will also have their                         
accounts updated and credited.                                                 

Notes:

1. The above dates and times are subject to change. Any change will be released
on SENS.

2. Share certificates in the name of Monteagle may not be dematerialised on or
after Friday 18 February 2011

By order of the Board

City Group P.L.C.

Group Secretaries

18 February 2011

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