Statement re revised timing re liquidation circ...

Marshall Monteagle Holdings Société Anonyme                  

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

                        ("Monteagle" or "the Company")                         

                       JSE CODE: MTE ISIN: LU0035797272                        

REVISED TIMING ON DATE OF TERMINATION OF SHARES ON THE JSE LIMITED ("the JSE")

Shareholders are referred to both the announcement released on 26 January 2011
as well as the circular mailed to shareholders on 26 January 2011 regarding the
reorganisation of Monteagle, specifically to the date of termination of the
Monteagle shares on the JSE at the commencement of trade on Friday,25 February
2011.

Shareholders are advised that the actual termination of the Monteagle shares on
the JSE will be at closing of trade on Friday, 25 February 2011, and not at
commencement of trade.

All other dates and times remain unchanged.

City Group P.L.C.

Secretaries

Luxembourg

7th February 2011