Circ re. EGM

Feedback PLC
28 February 2005

FEEDBACK PLC

28 FEBRUARY 2005




                                  Feedback plc

 Extraordinary general meeting to be convened pursuant to section 142 Companies
                                    Act 1985


As the net assets of Feedback plc (the 'Company') are presently less than half
of its called up share capital, the Directors are obliged by section 142 of the
Companies Act 1985 to convene an extraordinary general meeting ('EGM') of the
Company for the purpose of considering whether any, and if so what, steps should
be taken to deal with this situation.



There has been a continuing diminution in the net assets of the Company in
recent years, as evidenced in the annual accounts for the year ended 31 March
2004 and the interim results for the six months to 30 September 2004.



This has arisen as a result of a combination of factors, including trading
losses, necessary provisions made in respect of the Company's now closed defined
benefit scheme and a loss on the sale of the Company's former subsidiary,
Teknical Limited.



In addition, management accounts for the 4 months to January 2005 show that
there has been a further diminution in assets since 30 September 2004 and a
further additional pension charge.



As a result the Company's net assets have fallen to less than half of its
called-up share capital.



The Directors have been concerned about the financial position of the Company
and its subsidiaries (the 'Group') and have referred to this, in particular, in
the interim statement to 30 September 2004 and at the annual general meeting
last year.



Matters which have received attention are:



(1)    As announced on 24 February 2005, the Occupational Pensions Regulatory
Authority has agreed to extend the period in which the shortfall in the pension
fund can be addressed.  As a result of this the Company can reduce its annual
contributions to the pension scheme by over £600,000 to £521,400.

(2)    A loan of US$1,000,000 from Mr T Charlton, a former non-executive
director, has been renegotiated, deferring repayment until 30 September 2009.

(3)    A long term solution depends upon a sustainable improvement in the level
of turnover and the associated cost structure.  To achieve this, the board of
directors has undertaken a reorganisation of the sales function across the
Group, reorganised the internal reporting structure and reduced staff numbers.
A review of the Group's property requirements and associated costs is at an
advanced stage, with the aim of providing the most appropriate facilities for
the Group's business whilst reducing costs.



The circular convening the EGM to be held on Thursday 24th March 2005 at 11.00
a.m. has today been posted to shareholders and copies are available from the
Company's registered office.



Enquiries:



David Sawyer                                      01892 653322

Chief Executive

Feedback plc



Philip Davies

Charles Stanley & Co. Limited           020 7953 2457




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