Result of EGM

Actif Group PLC
31 July 2000


                ACTIF GROUP PLC ('the Company')
                               
                        RESULTS OF EGM
                               
The Company announces that at the Extraordinary General
Meeting of the Company earlier today both resolutions, which
relate to the proposed investment of £2.1 million by
Hatziannou Holdings S.A. ('Hatziannou'), were duly passed.

Accordingly  7,000,000 new ordinary shares at  30p  per  share
(representing  approximately 10.7 per cent.  of  the  enlarged
issued  share  capital of the Company following completion  of
the  investment) have been subscribed for by Hatziannou.   The
new  shares  issued  to  Hatziannou rank  pari  passu  in  all
respects  with  the existing ordinary shares of  the  Company.
Application has been made for the new shares to be admitted to
trading on the Alternative Investment Market on 1 August 2000.

Pursuant  to  the  passing of the second resolution,  Dimitris
Antoniadis  (39) will now join the board of directors  of  the
Company.   He  is  currently  a corporate  group  director  of
Hatziannou in its financial and corporate division  and  is  a
director of a number of companies in the Hatziannou group.  He
has  a  BA  in Business Administration from the University  of
Piraeus,  Greece and an MSc in Finance from the University  of
Lancaster.   He  has previously worked as a financial  analyst
for the Commercial Bank of Greece and as an investment manager
for a venture capital management company.